Friday, August 16, 2019

$1.75 billion for dairy industry

The federal government unveiled a promise of $1.75 as dairy-industry compensation for increased import competition flowing from the Trans-Pacific Partnership trade agreement.

It’s to be spread over eight years, starting with $345 million this year for quota holders.

Agriculture Minister Marie-Claude Bibeau said a farmer with 80 milking cows will get about $28,000.

There are about 11,000 dairy farmers who are eligible for the subsidies which will be administered by the Canadian Dairy Commission.