The federal government has doubled AgriStability support for canola farmers hit by China’s 100 per cent tariff on canola oil and meal. It has not increased tariffs on canola seed.
The announcement came late Saturday afternoon, ahead of an expected Sunday election call.
Agriculture minister Kody Blois said the agriculture sector is experiencing multiple challenges, including China’s canola tariff and the U.S. threats of a 25 per cent tariff next week.
AgriStability’s compensation rate has been increased from 80 to 90 percent and the $3-million payment cap has been doubled for this year.
