Next round of dairy fundingDecember 7, 2018 9:11am
Canada’s dairy sector added over $20 billion in 2017 and directly created over 40,000 jobs along with supporting hundreds of thousands of jobs indirectly, particularly in rural Canadian communities.
Starting January 7, 2019, requests for funding will be accepted under the second and final phase of the $250-million Dairy Farm Investment Program.
Dairy farmers will have until February 8, 2019 to apply for Phase II funding, valued at $98 million.
The program will have a two-stage application process involving a pre-selection step, which, if an applicant is selected, will be followed by the submission of a full application.
The new process is designed to give all applicants an equal opportunity of being selected for funding.
Projects will be eligible for a contribution of up to $100,000.
1,000 to 1,500 projects are expected to be funded in Phase II. A number of changes to Phase II of the Dairy Farm Investment Program were developed following consultations with industry and feedback from farmers.
The Dairy Farm Investment Program, originally launched in August 2017, aims to help Canadian cow’s milk producers improve productivity through upgrades to their barn technology and equipment.
Of the 11,000 dairy farms in Canada, over 2,500 applied to the program under Phase I.
Over 1,900 projects were funded, with an average of over $68,000 per project.
The Government has also announced the formation of new working groups to develop mitigation strategies to fully and fairly support farmers and processors to help them adjust to the Canada-United States-Mexico Agreement (CUSMA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).