Ontario Agriculture

The network for agriculture in Ontario, Canada

Dairy is a complex issue of which I have an appreciation for.... but I am very curious about a matter and I would dearly love an answer to a question.


Who actually owns the dairy quota in Ontario?  Does the board own the quota or do farmers own the quota?



Views: 195

Reply to This

Replies to This Discussion

Interesting question.....

Any lawyers who have read the legislation?

What do you think Joann?
I hear so many different angles... I'm trying to find out how dairy quota is treated.

If you listen to the government, they will tell you that farmers never owned quota... that quota is property of the board.... and the boards are quasi-governmental agencies.

Is that true of dairy?

Do most farmers treat quota as a capital acquisition? And when he sells the quota, does he treat it as a capital disposition? To acquire or dispose of capital a bill of sale is necessary to be legally binding. What does that bill of sale say?

If the boards own the quota why are farmers treating quota as capital if he does "own" the quota?

What is the farmer buying and selling? Is it capital or goodwill?

The tax implications vary greatly between capital disposition or payment for goodwill. Is the government having it both ways? Saying they own the quota and then capturing capital gains?

Who really owns the quota? If the board owns the quota.... are farmers entitled to reclaim any overpayment of taxes?


Roadrunner said:
Interesting question.....
Any lawyers who have read the legislation?
What do you think Joann?

Reply to Discussion

RSS

Agriculture Headlines from Farms.com Canada East News - click on title for full story

Enhancing DDGS value for pigs via pre-treatment, pre-digestion

Heat pretreatment can be an attractive method of improving the digestibility of whole stillage, and hence DDGS, for pigs because heat pretreatment is cheap.

Latest Canadian Potato Crop Report

There is not a lot of old crop left and both French fry plants will take the opportunity to shut down for maintenance and fryer upgrades this summer. 2019 acreage is expected to be up 1,500 acres to meet the needs of eastern fry plants.

New sensors to monitor swine welfare and trailer disinfection expected by 2020

A new sensor designed to track parameters related to animal welfare during swine transport and monitor the trailer temperatures during disinfection are expected to be ready for use by 2020.

Government of Canada helps to strengthen mussel export market opportunities for Prince Edward Island

The Honourable Lawrence MacAulay, Minister of Veterans Affairs, on behalf of The Honourable Marie-Claude Bibeau, Minister of Agriculture and Agri-Food, was in Morell, Prince Edward Island, today to announce more than $49,000 in funding for P.E.I Mussel King Inc.

AGRIS Co-operative to re-open Wheatley elevators

AGRIS Co-operative has announced today that they are reopening the co-operative’s Wheatley elevator location for this fall’s soybean harvest.

© 2019   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service