Agriculture and Agri-Food Canada

Agriculture and Agri-Food Canada

April 05, 2007 19:18 ET

AAFC: Secretary of State Paradis Defends the Interests of Hog Producers

SAINT-HYACINTHE, QUEBEC--(CCNMatthews - April 5, 2007) - The Honourable Christian Paradis, Secretary of State for Agriculture, today issued the following statement after his address to producers of the hog industry at the Expo-Congres du porc du Quebec 2007, in Saint-Hyacinthe.

"The Quebec hog industry plays a very important role in the Quebec and Canadian economies, and Canada's New Government is very aware of the difficult times this sector faces. We are following the situation very closely.

"I would like to congratulate the Congres du porc du Quebec for all that you do to promote the hog industry's image in Quebec and Canada. You help to strengthen Canada's reputation as a producer of diverse, very high-quality, safe and innovative agri-food products.

"Our desire to support producers is firm. Budget 2007 calls for new investments of $1 billion across Canada, including $600 million for farmers to kickstart new savings accounts and $400 million to help producers deal with high production costs.

"To make intergenerational transfer easier, we are increasing the lifetime capital gains exemption from $500,000 to $750,000. This will have a direct impact on transfer prices, and farmers as well as small businesses in Quebec will save approximately $12.6 million.

"Canada's New Government is ready to work with the hog industry to explore the best possible ways for it to resolve the issues facing this sector."

Contact Information

  • Agriculture and Agri-Food Canada, Ottawa, Ontario
    Media Relations
    Office for the Secretary of State
    Mark Quinlan
    Director of Communications