Mr. Speaker, I thank my colleague for his speech.
I know that he is a member of the Standing Committee on Agriculture and Agri-Food. Like people in many agricultural ridings, the people in my riding are concerned mainly about compensation promised to dairy and cheese producers in connection with the Canada-European Union comprehensive economic and trade agreement.
Under the previous government, when the agreement was first signed, there was a promise, a commitment to provide compensation to help the industry with the transition. Compensation was eventually pegged at $4.3 billion over 10 years, which is about $430 million per year.
The problem is that, when the Liberals promised compensation, the amount was much smaller, having shrunk to $350 million over five years. That five-year amount is smaller than the yearly amount promised at first.
Can the member comment on the negative impact this dramatically lower compensation will have on dairy and cheese producers, especially in regions where the industry is extremely important to the economy?