★ Budget 2019 Proposes Up To $3.9 Billion To Support Supply-Managed Farmers

Following the recent ratifications of CETA and CPTPP, the federal government’s 2019 Budget is proposing up to $3.9 billion in support for supply-managed farmers.

Support will be offered to sustain the incomes of eligible dairy, poultry, and egg farmers, by making available up to $2.4 billion. Of this amount, $250 million has already been provided to support dairy farmers as a result of CETA, therefore a net amount of up to $2.15 billion will be available in coming years to deal with income losses associated with these agreements.

Assistance will also be offered to protect the value of investments made by farmers in supply-managed sectors, through a Quota Value Guarantee Program that will protect against reduction in quota value when the quota is sold. $1.5 billion has been set aside for this demand-driven program.