Dairy Farmers of Canada’s Response to Federal Budget 2024

Statement Ottawa

Dairy Farmers of Canada (DFC) responds to the federal government’s announcements in Budget 2024.

April 16, 2024 (Ottawa, ON) Dairy Farmers of Canada (DFC) responds to the federal government’s announcements in Budget 2024. DFC welcomes an increase to the lifetime capital gains exemption on the sale of small business shares and farming and fishing property to $1.25 million.  Most dairy farmers operate family farms; this important announcement will help ease the fiscal tax burden when transferring the farm.

DFC also acknowledges the announcement of funding for a national school food program. Dairy products are a source of fifteen essential nutrients and are a top contributor of protein and calcium in the diets of Canadian children. By incorporating nutritious and locally sourced food like Canadian dairy in well-rounded meals and snacks for school-aged children, these programs can offer both essential nutritional assistance and economic support of local agriculture.

DFC noted the government’s commitment to protect farmers from the costs of climate change and looks forward to seeing further details.  However, DFC is disappointed that the government has not taken this opportunity to specifically commit to revising Canada’s business risk management programs for agriculture.  Programs, such as AgriRecovery, are on the front lines of mitigating the impact of climate related disasters for farmers. It is critical that government review these programs with a view to increasing their timeliness, flexibility, and responsiveness to ensure that farmers have access to this funding when they need it.

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About Dairy Farmers of Canada

Dairy Farmers of Canada (DFC) is the national policy, advocacy and promotional organization representing the nearly 10,000 dairy farms from coast to coast. DFC advocates for public policy that supports the long-term viability of the dairy sector. DFC also works to promote nutritious 100% Canadian dairy and build awareness of our farmers’ high standards in areas like milk quality, food safety, animal care and sustainability. Dairy farmers have set a goal of net-zero emissions from farm-level dairy production by 2050.

Media Contact

Martin Bélanger
Senior Director, Public Affairs
Dairy Farmers of Canada
[email protected] / 819-593-0384