Question

Canada’s economy is dominated by the private sector, though some enterprises (e.g., postal services, some electric utilities, and some transportation services) have remained publicly owned. During the 1990s some nationalized industries were privatized. Canadian agriculture is firmly private, but ______.

Answer 1

Answer:

but in recent times has depended on government subsidies in order to compete with the highly subsidized agricultural sectors of the European Union (EU) and the United States.

Explanation:

It is important to note that Canada is one of the largest agricultural producers and exporters in the world.

Some examples of these subsidies includes:

1. AgriInvest Program

This program provides matching contributions to producers (private producers) who make annual deposits to an AgriInvest account, to help them manage risks or improve market income.

2. AgriInsurance Program

Provides farmers with insurance against natural hazards in order to minimize the financial implications of production losses.