News

Canada invests in supply management processors

Canada has announced a new program that will invest nearly $230 million US dollars into processing for supply-managed commodities.

Officials say the Supply Management Processing Investment Fund is part of the Government of Canada’s commitment to support processors in sectors like dairy and poultry to address the impacts of international trade agreements.

Officials say work is underway with supply-managed sectors to determine full and fair compensation for the impacts of the Canada-United States-Mexico Agreement within the year.

Meanwhile, U.S. dairy groups are objecting to Canada’s proposed changes to their dairy tariff-rate-quotas within the USMCA, saying U.S. dairy farmers and manufacturers still only have limited access to the Canadian market under the agreement.