Dairy Farmers of Canada has an agreement in principle with the country’s processor associations on the future direction of the industry.

The national agreement includes the creation of an ingredient strategy.

Highlites of the deal are to be made public after it gets ratified by the industry participants.

The agreement is expected to be implemented September 1st.

Negotiations between Dairy Farmers of Canada and dairy processor associations began in 2015.

Dairy Farmers of Canada Executive Director Caroline Emond says the goal was to build on the solid system in place today, to invest to foster growth and to ensure a more thriving future for both farmers and processors.

Dairy Processors Association of Canada CEO Jacques Lefebvre says the agreement is an example of farmers and processors working together to be responsive to the evolution of the market.