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: 227

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

Federal and Provincial Governments Invest In the Future of Ontario’s Youth By Providing $2.3 Million to 4-H Ontario

Under bright spring skies at the annual 4-H Foundation golf tournament fundraiser, the Hon. Lisa M. Thompson, Ontario Minister of Agriculture, Food and Rural Affairs (OMAFRA), announced that provincial and federal governments will be investing more than $2.3 million over the next three years in 4-H Ontario to support programming and opportunities for youth involved in the agricultural sector.

Farm severance off the table, but you can still build a new house on your farm

The Ford government has pulled the plug on a controversial proposal that would have permitted some farmers to convert some of their prime agricultural land into housing lots.

Foot & Mouth Disease

Foot and Mouth Disease (FMD) is a virus that is highly contagious to cloven-hoofed animals including cattle, pigs and sheep

ONTARIO CORN FED BEEF RECEIVES INTERNATIONALLY RECOGNIZED ‘SUPERIOR TASTE AWARD’

The Ontario Corn Fed Beef Program has received a 3-Star Superior Taste Award from the International Taste Institute for their quality beef

Take Healthy Microgreens on the Go!

The arrival of warmer weather comes with more people getting outside for some fresh air and regular activities, be it rigorous exercise, a gentle walk, regular yard works or a hike through the woods. 

© 2023   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service