$28 million to support Prince Edward Island potato producers impacted by trade disruptions
Christian Fernsby ▼ | December 21, 2021
Minister of Agriculture and Agri Food Marie Claude Bibeau announced $28 million in funding to support Prince Edward Island (PEI) potato farmers affected by trade disruptions.Article continues below
The Government of Canada is taking a Team Canada approach and working collaboratively with the Province of PEI and industry to support potato growers and resume full market access for PEI fresh potatoes.
This funding of up to $28 million will be used to support the diversion of surplus potatoes, including help to redirect surplus potatoes to organizations addressing food insecurity and support for the environmentally sound disposal of surplus potatoes. It will also support marketing activities and will help industry to develop long term strategies to manage future challenges.
Producers also have access to a suite of other Business Risk Management (BRM) programs to help them manage issues. The Governments of Canada and PEI recently made adjustments to the AgriStability program, which protects producers against large declines in farming income, so that producers who did not enroll for the 2021 program year can sign up now and still access this important income support.
Furthermore, AgriStability interim payments have increased, so that producers can now apply for up to 75% of their anticipated payment, up from 50%.
AgriInsurance will provide support for farms that face production and quality losses directly caused by potato wart, with coverage for up to 90% of their losses. In addition, AgriInvest funds are immediately available for use by producers to support any need they see fit.
The US is a major destination for PEI potatoes, with approximately $103.4 million of total PEI table stock and processing potato exports in 2020.
Trade of processed potatoes is not affected by the suspension of export certification. In 2020, PEI’s processed potato exports (such as frozen fries or chips) to the United States were valued at $370.8 Million. ■ What to read next
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