The funding will extend to 10,600 farmers across Canada, announced Agriculture Minister Marie-Claude Bibeau on Friday. It’s meant to compensate farmers for their losses as a result of the Canada-European Union Comprehensive Economic and Trade Agreement and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. (The Logic, Reuters)

Talking point: Bibeau said the funding shows the government’s “unshakeable belief” in the country’s supply-management system, which controls dairy, poultry and egg supplies and is meant to keep consistent pricing and profits for consumers and producers, respectively. The two trade deals have done away with many production quotas and tariffs for those international products, as Canada agreed to let in more imports while keeping the supply-management system. Bibeau said the Liberals have committed not to cede the industry’s market share in future trade agreements. The move comes two months ahead of the scheduled October federal election; the majority of Canada’s farmers are based in Ontario and Quebec, two key provinces for both the Liberals and the Conservatives. Another prominent concern for dairy farmers is the USMCA, which replaces NAFTA and is still yet to be ratified—the deal will see prices for some dairy products slashed. Bibeau said farmers would receive further compensation once the deal goes through.