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: 228

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

Connect and celebrate with us!

We are excited to invite you to attend a joint celebration of Soy Canada’s 10th anniversary and the 40th anniversary of the founding of Manitoba Pulse and Soybean Growers on June 19th in Dauphin, Manitoba.

Fruit and Vegetable Growers of Canada Welcome Senate Report Findings on Temporary Foreign Workers

The Fruit and Vegetable Growers of Canada (FVGC) welcomes the balanced findings of the Senate Committee on Social Affairs, Science and Technology’s recent report on temporary and migrant labour solutions.

Fruit and Vegetable Growers of Canada Applaud AGRI Committee’s Recommendations on Food Price Stabilization

The Fruit and Vegetable Growers of Canada (FVGC) have welcomed the House of Commons Standing Committee on Agriculture and Agri-Food’s (AGRI) recent report, which provides key recommendations aimed at stabilizing rising food prices. FVGC appreciates the Committee’s efforts and is particularly encouraged by the consistency between the AGRI report and FVGC’s own advocacy and 2024 budget recommendations.

CULT Food Science Subsidiary Further Foods Launches Strategic Partnership with Valet Seller

a disruptive food technology platform pioneering the commercialization of lab grown meat and cellular agriculture to reshape the global food industry, is excited to announce its subsidiary, Further Foods Inc., has partnered with Valet Seller (https://valetseller.com/) to launch its Noochies! products on major online marketplaces such as Amazon, Target, Kroger, and Walmart.

US Winter Wheat Rating Dips Slightly; Development Ahead of Normal

The condition of the US winter wheat crop took an unexpected step backward this past week. Development remains well ahead of normal.

© 2024   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service