There are some things the Canadian Federation of Agriculture likes about this week's federal budget.
The Federation also has some concerns about the document.
President Ron Bonnett says they like items such as the budget's investments in agricultural trade promotion, reduced EI premiums for business owners and the increase in the Lifetime Capital Gains allowance.
He considers the Lifetime Capital Gains increase to 1 million dollars an important tool for farmers to manage the tax burden associated with the transfer of farm assets.
However, Bonnett says the CFA is disappointed that certain barriers to intergenerational transfers were not addressed.
The Federation was also looking for investment in research into crop varietal development and climate change adaptation - none of which showed up in the budget.
There was a 10 million dollars per year investment in the budget for collaborative research projects, but the CFA points out it remains unknown how much of that will be allocated to agricultural projects.
