ALBERTA, CANADA (RFD-TV) — Canadian Prime Minister Mark Carney released his government’s first budget on Tuesday, outlining significant spending shifts — including more than $100 million in cuts at Agriculture and Agri-Food Canada.
Host of RealAg Radio Shaun Haney joined us on Wednesday’s Market Day Report to discuss how the reductions could affect research and support programs that farmers rely on.
In his interview with RFD-TV News, Haney says it remains to be seen whether the measure will meaningfully improve competitiveness on Canadian farms. At the same time, the budget introduces a new “productivity super-deduction” to encourage business investment.
The government also emphasized trade diversification and the development of new export corridors, part of a broader effort to reduce dependence on existing markets. Haney says that while those initiatives could benefit agriculture in the long term, questions remain about how quickly producers will see results.
The National Milk Producers Federation will launch a new advocacy campaign to secure a final vote, urging House lawmakers to approve the bill as soon as they return from the Thanksgiving recess.
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AFBF Vice President of Public Policy and Economic Analysis, Dr. John Newton, explains the factors contributing to the growing financial strain in the ag sector and the urgent need for swift economic support.
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