COVID-19: Economic Relief Measures Announced to Date

  • On April 17, 2020, the Government of Canada announced that the AgriStability enrollment deadline for the 2020 program year has been extended without penalty, from April 30th to July 3, 2020. For more information, see the Government of Canada’s news release of April 17, 2020.[59]

  • On April 25, 2020, the Minister of Fisheries, Oceans and the Canada Coast Guard announced a $62.5 million Canadian Seafood Stabilization Fund for new assistance to the fish and seafood processing sector. The new Fund will help businesses access short-term financing for maintenance and inventory costs, support for complying with new health and safety measures, and other expenses. For more information, see the Government of Canada’s news release of April 27, 2020.[60]

  • On May 5, 2020, the Prime Minister announced a series of programs to benefit the agricultural sector, including:

    • a $77.5 million Emergency Processing Fund to help food producers access more personal protective equipment, adapt to health protocols, automate or modernize their facilities, processes, and operations, and respond to emerging pressures from COVID-19;

    • a national AgriRecovery initiative of up to $125 million in funding to help producers faced with additional costs incurred by COVID-19. This includes set-asides for livestock management programs to help beef and pork producers, processors, farmers and ranchers;

    • the Surplus Food Purchase Program, with an initial $50 million fund designed to help redistribute existing and unsold inventories, which could include products such as potatoes and poultry, to local food organizations who are serving vulnerable Canadians;

    • working with provinces and territories to increase interim payments from 50% to 75% through AgriStability, a program to support producers who face significant revenue declines; and

    • working with provinces and territories to explore possibilities for expanding the AgriInsurance program to include labour shortages as an eligible risk for the horticulture sector.

    • For more information on these programs , see the Government of Canada’s news release of May 5, 2020.[61]

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