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Federal budget light on ag

Federal budget details were announced Wednesday
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There was no new money for business risk management programs in today's budget. Budget allocations related to agriculture were largely included in the emissions reduction plan released last week.

WESTERN PRODUCER — The federal budget announced yesterday does not appear to include more money for business risk management programs and other federal-provincial cost-shared programs.

The budget acknowledged that the next Canadian Agricultural Partnership is to be signed this year and highlights current spending.

However, some farm organizations have said the envelope needs to be increased to better reflect current prices and market conditions.

The budget document said agriculture has been a cornerstone of the Canadian economy for generations.

"Canada's farmers are counted upon to feed Canadians and the world, a task that is even more important today due to increasing food insecurity stemming from Russia's illegal invasion of Ukraine," it said.

"Federal, provincial and territorial governments will work together over the coming year to renew the programs under the next agricultural policy framework."

Budget allocations related to agriculture were largely included in the emissions reduction plan released last week.