WELLAND, ONTARIO--(Marketwired - April 4, 2013) - Pierre Lemieux, Parliamentary Secretary to the Minister of Agriculture, led a roundtable discussion today with farmers and agricultural stakeholders in Welland on federal agricultural issues. PS Lemieux took the opportunity to reaffirm the Harper Government's commitment to creating and protecting jobs, economic growth, and long-term prosperity. PS Lemieux also highlighted a number of benefits that Economic Action Plan 2013 will deliver for Ontario farmers.
"The Harper Government knows that a robust and innovative agriculture sector is a vital driver of the Canadian economy," said PS Lemieux. "That's why our Government has always made agriculture a key priority, especially in Southwestern Ontario, and Economic Action Plan 2013 is a continuation of that recognition."
Economic Action Plan 2013 delivers support for every sector of the agricultural supply chain with initiatives such as increasing and indexing the Lifetime Capital Gains exemption for farmers, extending the temporary hiring credit, extending the expedited Capital Cost Allowance for our food processors, and doubling the current deduction limit for the restricted farm loss income tax.
Parliamentary Secretary Lemieux also reaffirmed the Government's commitment to supporting Canada's hard-working farmers and agricultural sector through Growing Forward 2, which came into effect April 1st, 2013. Growing Forward 2, a federal-provincial-territorial agreement, focuses on the future prosperity of the sector, including an increase of over 50 % in cost-shared investment for strategic initiatives. It provides programs that bolster innovation, increase export opportunities, and maintain business risk management support for Canada's agricultural sector.