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  • Canada Tweaks Aid Plan for Dairy Farmers Hurt by Trade Pacts
    Bloomberg

    Canada Tweaks Aid Plan for Dairy Farmers Hurt by Trade Pacts

    (Bloomberg) -- The Canadian government has narrowed its timeline to release the remaining C$1.4 billion ($1.1 billion) of federal aid to supply-managed dairy farmers by about five years, and set separate aid for poultry and egg producers.The Ministry of Agriculture and Agri-Food had originally announced C$1.75 billion would be provided to compensate Canadian dairy farmers over eight years.Agriculture Minister Marie-Claude Bibeau said Saturday in Ottawa that after the initial C$345 million payout was awarded between December and January, it has now set a schedule to deliver the remaining funds in three years.Dairy farmers will receive, on the basis of their milk quota, cash payments of C$468 million in 2020-21, C$469 million in 2021-22 and C$468 million in 2022-23.“Our government is fully behind our supply management sector, which supports our family farms and the vitality of our rural areas,” Bibeau said in a statement. “Today’s announcement of a substantial compensation package for our dairy, poultry and egg farmers shows our support for a strong supply management sector for many generations to come.”Canada has promised funds to dairy and poultry farmers whose market share was hurt by free trade deals with Europe and countries on the Pacific Rim.Canada’s dairy farmers applauded the move.“The level of certainty provided by this announcement enables us to be in a better position in terms of innovations and efficiencies to better compete with increase imports of dairy products made from foreign milk,” said Pierre Lampron of the Dairy Farmers of Canada.It also announced C$691 million in funds for Canada’s chicken, egg, broiler hatching egg, and turkey producers.“Farmers have waited a long time to see action on this file, and we believe that this is a step in the right direction,” said Brian Bilkes, chair of Canadian Hatching Egg Producers.(Updates with funds for poultry, egg farmers, comments from egg producers group, in final two paragraphs.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Dow Jones Futures: Stock Market Rally Flashes Mixed Signals; Why Apple, Nio, Zoom Video Are Important
    Investor's Business Daily

    Dow Jones Futures: Stock Market Rally Flashes Mixed Signals; Why Apple, Nio, Zoom Video Are Important

    The stock market is looking robust, but also showing some signs of excessive bullishness. Apple leads four key names to watch.

  • These Are The 5 Best Stocks To Buy And Watch Now
    Investor's Business Daily

    These Are The 5 Best Stocks To Buy And Watch Now

    Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So what are the best stocks to buy now or put on a watchlist?