P.E.I. news: Farmers react to federal budget [Video]

There are certain parts of the newly-announced federal budget some farmers say will be helpful, but in many ways it doesn’t go far enough.

Some farms on Prince Edward Island are still dealing with the costs associated with hurricane Fiona, and many government risk management programs have limits on how often someone can apply and for how much money.

“The timeframe between hurricane Dorian and hurricane Fiona was only two years, so you could quickly say, you know, you’re not eligible for those programs anymore,” said Ron Maynard, a fairy farmer for four decades.

He said they need to be adaptable to changing weather patterns.

Tax changes are a bit of a mixed bag. The farm is the chief source of retirement savings for a farmer.

The higher limit of tax-free capital gains means more money in farmers’ pockets from that portion, but higher taxes on money beyond that could …