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Agriculture Report

TPP All Wrapped Up

Fadi

By Fadi Didi

Farm Officials say the TPP deal is good news for Canada.


Length: 1:12

Negotiations have concluded on the Comprehensive and Progressive Trans-Pacific Partnership  or CPTPP Agreement, and officials in the farming industry feel it is good news for Canada's farmers.

A deal was struck after two days of negotiations in Tokyo.

Minister of Agriculture, Lawrence MacAulay says it will give the Canadian agricultural industry preferential access to all of the countries included in the Trade Pact.

That means new market access opportunities for a wide range of Canadian products, including meat, grains, pulses, maple syrup, wines and spirits, seafood and agri-food products.

Japan is Canada's third-largest export market for agri-food.

The CPTPP agreement will provide the ag industry with access to the Japanese market and other expanding markets, according to the Canada Agri-Food Trade Alliance.

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American dairy farmers feel a federal program designed to protect them against low milk prices isn't working the way it was supposed to.

Since the Dairy Margin Protection Program was implemented as part of the 2014 Farm Bill, dairy farmers have been paying $100 each year to be enrolled in the program.

Some have purchased additional premiums to protect themselves against falling milk prices.

But the producers feel they haven't received a proper return for their investment into the program.


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