Canadian government promises billions to meat and dairy industry after new trade deals

Dairy and poultry farmers are set to get billions of dollars in compensation following recent trade deals in Canada.

The Canadian government has promised the money to farmers hurt by recent free-trade agreements.

$3.65 billion is being set aside with $2.15 billion to help farmers who lose income because of trade deals with Europe and other countries recently.

Finance Minister Bill Morneau said:

“To ensure that Canada’s dairy, poultry and egg farmers can continue to provide Canadians with high-quality products in a world of freer trade, we will make available an income protection program for supply-managed farmers, along with a measure to protect the value of quota investments these farmers have already made,”

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