The recent crash in world milk price has had a detrimental impact on international dairy farmers, but for the most part Canadian farmers have remained profitable during this crisis. Thanks to supply management Canadian farmers are guaranteed a return on their milk, however supply management has no control over the recent trend of depleting genetic sales overseas. Finally the Canadian dairy industry has seen some compensation from the federal government in terms of a grant of $1.22 million. This funding is specifically for promoting international genetic sales to Europe, China and Southeast Asia by means of advertising Canadian cattle and semen to once again boost sales. Personally I am happy to see some government aid in agriculture. While I know that the Canadian Dairy industry typically is one of the few agricultural practices that continues to be profitable, I am happy to see the government funneling some money into agriculture. Here’s hoping that government money distribution does not end in the dairy sector and we will see some subsidies in cash cropping and other livestock industries.
For more information on the dairy industry’s government funding, visit this weeks Better Farming article briefly covering the topic.