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In response to China’s decision to impose 100% tariffs on Canadian exports of canola oil, canola meal, and peas, as well as 25% tariffs on certain pork, fish, and seafood products, Canada’s Minister of Agriculture and Agri-Food and Rural Economic Development, Kody Blois, announced enhancements to the AgriStability program to support producers facing these challenges. It is worth noting that in 2024, Canada exported pork products to China valued at $468.6 million CAD.
The changes include increasing the compensation rate from 80% to 90% and doubling the payment cap to $6 million CAD for the 2025 program year. Additionally, provinces and territories will be allowed to enter into agreements to issue higher interim payments and to activate Targeted Advance Payments in the event of tariffs, or specifically for the pork sector in the case of disease outbreaks such as African Swine Fever.
Producers enrolled in AgriStability may be eligible to receive up to 75% of their estimated final payment as an advance. The program also allows for the establishment of sector- or region-specific payments where market disruptions have resulted in sufficient losses to trigger AgriStability support.
The federal government reaffirmed its commitment to defending Canada’s agri-food sector both domestically and internationally and remains open to engaging in constructive dialogue with China to resolve trade differences on the basis of mutual respect.
March 22, 2025/ Agriculture and Agri-Food Canada/ Canada.
https://www.canada.ca
