Mr. Speaker, we are investing in Canada's dairy sector in order to innovate and modernize it. Our program provides $250 million for dairy producers and $100 million for dairy processors and will result in more innovative farms. The program supports investment in equipment and infrastructure and makes the dairy sector more competitive, innovative, and productive.
Almost $25 million has already been approved for farmers across Canada. Three-quarters of the applicants should be receiving their funding in this period, and a waiting list will be created for the others. The second round of applications will open—