Ottawa announces support for agriculture industry as it faces Chinese tariffs

News Snapshot:

Open this photo in gallery: A seeding rig plants a canola crop on a family's farm near Cremona, Alta., on May 16, 2023.Jeff McIntosh/The Canadian Press The Canadian government has announced support for the country’s agriculture sector as it deals with tariffs imposed by China. The federal agriculture department says in a news release that the current payment cap under AgriStability, a program that works similarly to crop insurance, will double to $6-million for the 2025 program year. Support also includes increasing the compensation rate from 80 per cent to 90 per cent. Agriculture businesses are facing 100 per cent...