The agriculture and agri-food sector plays a vital role in the Canadian economy, creating jobs, and feeding millions both domestically and abroad.
Ministers discussed various coordinated approaches to help Canadian agri-food producers and processors diversify international trade as well as to boost internal trade options.
Ministers noted the importance of utilizing the suite of business risk management (BRM) programs to meet the current and future needs of producers. On March 7, the federal Government announced that the interest-free limit under the Advance Payments Program will be set at $250,000 for 2025. This change will represent estimated savings of up to $65 million for over 13,000 producers.
Canada is a globally-trusted trading partner and all orders of government are committed to ongoing engagement with key partners to help ensure that the Canadian agriculture sector remains strong and Canada continues to be a source of world-class products that contribute to global food security.