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Dairy Producers to Get $350M From Feds as CETA Brings ‘New Reality’

Posted November 11, 2016

Under Economic Issues, International Trade Issues

(Melanie Marquis – Canadian Press)

Ottawa is setting aside $350 million to help dairy producers weather the impacts of Canada’s trade agreement with the European Union, Agriculture Minister Lawrence MacAulay announced Thursday.

A five-year, $250-million fund will help milk producers upgrade their equipment and increase productivity, while a second program will offer $100 million to cheese-makers to encourage them to modernize operations and diversify their products.

MacAulay said the funding would help producers deal with the reality of increased competition from European cheese-makers once the trade deal takes effects.

“While CETA offers enormous opportunities for many of our farmers, there will also be greater access for European cheeses to Canada,” MacAulay told a news conference. Click here to read more.