Home Crop Monitoring RealAg LIVE! — The 2021 federal budget special edition

RealAg LIVE! — The 2021 federal budget special edition

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In the present day’s RealAg LIVE! episode is thrilling, as we carry to you a budget special. It’s our first federal budget in two years, so co-hosts Shaun Haney and Kelvin Heppner figured we had been overdue for a special.

The budget is 739 pages lengthy, and as Haney notes, it appears to be like like a Ken Follet novel because it was handed alongside to Finance Minister Chrystia Freeland.

Becoming a member of Haney and Heppner on our panel right now is Jeff English of Pulse Canada, Chris de Heuval of the Canadian Federation of Agriculture (CFA), and Jennifer Babcock, of the Canadian Cattlemen’s Affiliation (CCA).

SUMMARY

  • First feminine finance minister giving the budget, so yay for making strides!
  • Backside line within the budget is a $354 billion greenback deficit
  • No holding again by way of spending right here…
  • When it comes to retail politics, $10/day childcare pledge for all Canadians by 2025
  • $15/hr minimal wage throughout the nation for federal organizations
  • Persevering with COVID-19 aid packages
  • The hire subsidy is prolonged till fall
  • A complete whack of inexperienced, net-zero-focused packages. $5 billion over seven years for a web zero accelerator investing in know-how and innovation that results in web zero
  • Launching a inexperienced bond program
  • A number of billion for dwelling retrofits together with an curiosity free mortgage program
  • When it comes to the local weather, there’s a brand new greenhouse fuel emissions goal on this budget. Beforehand, Canada has been aiming for a 30 per cent discount by 2030 of 2005 ranges, and so they’ve raised that bar now to 36 per cent
  • Luxurious tax on boats, planes, and vehicles over $100,000
  • That is solely 70 minutes after the budget launch, SO, we’re studying as we go!
  • Point out of the carbon tax on grain drying. The federal authorities says it’s going to begin sending out cash — returning a few of what farmers have paid for grain drying within the provinces the place the federal backstop is in impact beginning 2021/2022. Estimating that at $100 million.
  • Some references to agriculture, however actually heavy on the environmental facet
  • Local weather change and mitigation
  • Pulses becoming into the local weather and inexperienced financial system
  • Rotational grazing — is there a spot for that the place the federal government goes? Sure, very seemingly
  • Any incentives for biofuel plant constructing? It’s talked about as one thing that might profit from web zero local weather
  • Any concern in regards to the $15 minimal wage from agriculture teams? Should look additional into what this implies. This impacts 26,000 Canadians that make below that quantity.
  • No lack of poetry in these 700 pages. It’s a political doc!
  • The alternative for agriculture with this authorities is definitely by the local weather door
  • There was rather a lot about meals on this budget, and the way the federal government labored with business to maintain meals business alive by COVID-19
  • A number of cash to the wine sector. The wine will probably be saved!
  • A number of give attention to the spending. Will we hear a lot about the truth that the deficit grew to what it’s? From the opposition events, seemingly.
  • Numerous what’s talked about will nonetheless must have a whole lot of refocus and conversations nonetheless
  • Some enlargement packages that ports have taken benefit of had been in there as nicely
  • Proper now it’s a bit about checking the containers. As an agriculture business, we have to come ahead with mutually useful concepts to assist verify these containers.
  • Childcare prices — that is necessary to rural Canadians, too. With decrease prices, hopefully there may be larger provide, if we’re following financial idea.
  • Value aspect of those inexperienced initiatives, how is agriculture positioned to offset these prices? There’s little doubt we’re in a position to assist on this area. There are investments and alternatives to be acknowledged for what we’ve got accomplished already, and what we’re in a position to do.
  • The satan is within the particulars!
  • Redistribution of prices to among the largest agricultural provinces…extra particulars to return.
  • Carbon sequestration. That is one thing CFA will probably be watching carefully.
  • Have to put our heads collectively and produce our concepts to people who have a seat on the desk.
  • Agricultural clear know-how program is getting loads of funding, too. Actually making an attempt to restrict reliance on conventional fuels.
  • Is that this an election doc? That’s a tricky one to reply. Indications from opposition events aren’t certain, nevertheless it does very a lot appear to be a spend doc.
  • Is the election getting kicked down the pandemic street?
  • Keep tuned to RealAgriculture all through the week for extra budget protection.

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