Tag #Agristability

What immediate financial relief is the Canadian government providing to its agricultural sector to counteract the impact of recently imposed Chinese tariffs?

The Canadian government will double the payment cap under the AgriStability program to \$6 million for the 2025 program year and increase the compensation rate from 80 percent to 90 percent to support farmers impacted by Chinese tariffs on Canadian agricultural products. This follows China imposing 100 percent tariffs on canola and peas, and 25 percent on pork and some seafood, causing significant financial losses for Canadian farmers. The estimated federal cost of this support is \$108.7 million in 2025-26.