New Dairy Investment Programs – August 2, 2017

New Dairy Investment Programs

August 2, 2017

OTTAWA:  Jim Eglinski, Member of Parliament for Yellowhead, is pleased to inform local farmers of two new investment programs aimed at dairy producers and processors.

The programs will help the sector increase productivity and competitiveness and prepare for the implementation of the Canada–European Union Comprehensive Economic and Trade Agreement (CETA), which was negotiated by the previous Conservative Government and will establish greater access for European cheeses into Canada.

The first is a five-year, $250 million Dairy Farm Investment Program to help Canadian cow’s milk producers improve productivity through upgrades to their equipment. All producers of cow’s milk – irrespective of the size of their operations – are welcome to apply. This program will cover up to 50% of approved project costs, up to a maximum of $250,000. Applications will be accepted as of August 22.

The second is a four-year, $100 million Dairy Processing Investment Fund that will provide funding to help the Canadian dairy processing sector make investments to improve productivity and prepare for increased competition in the domestic market as a result of CETA. Not-for-profit organizations involved in the dairy sector can also apply. Applications are now being accepted.

“Local farmers are key contributors to and important members of our communities. I encourage all eligible producers to take advantage of this investment opportunity,” concluded MP Eglinski.

For more information, visit: http://www.agr.gc.ca/eng/programs-for-the-dairy-sector/?id=1494345318736 or call 1-877-246-4682.

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