Canadian dairy farmers will continue their discussions this week on how CETA compensation money should be spent.

In November, the federal government announced that it would be providing money to Canadian dairy farmers to offset the impact that would be felt from the Comprehensive Economic and Trade Agreement with the European Union.

David Wiens is chair for Dairy Farmers of Manitoba.

"We do have to meet with the federal officials and have that discussion about what these programs need to look like and how those funds would be distributed and over what time," he commented.

The liberals will invest $250 million over five years for a Dairy Farm Investment Program and $100 million over four years for a Dairy Processing Investment Fund.

Dairy Farmers of Canada says CETA will result in an expropriation of up to 2 per cent of Canadian milk production. The organization is expecting the agreement to cost the industry up to $116 million a year in perpetual lost revenues.