Agriculture Minister Marie-Claude Bibeau announced recently that Canadian dairy producers will start to receive the promised compensation of $1.75 billion over eight years as a result of commitments made under CPTPP and CETA.
As of late last week, letters are being sent to all eligible Canadian dairy producers to outline the process to access compensation through the Dairy Direct Payment Program, which is administered by the Canadian Dairy Commission.
In the first year, $345 million will be made available in direct compensation, and will be distributed based on individual quota holdings as of August 31, 2019. For an average farm of 80 cows, this translates into approximately $28,000.
Producers will be able to choose if they would like to receive their compensation amount before the end of December, 2019, or in the new year before March 31 2020.