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

Collaboration builds stronger, flood-resilient Township of Langley

Farmers and families in the Township of Langley will be better prepared for flooding with work underway to improve pump capacity on flood plains and irrigation systems that will strengthen the area’s food security. “The reality of a changing climate means we could see more frequent and intense flooding in the Fraser Valley, and it is vital we work together to keep our communities safe and our food supply stable,” said Pam Alexis, Minister of Agriculture and Food. “This is why we’re supporting collaborative projects that will help keep food on the table, protect the livelihoods of farmers and ensure the health of local ecosystems in the face of future flooding.” The Township of Langley, in partnership with the Kwantlen First Nation and Rivershed Society of BC, is working on a multi-phase project that includes upgrading water infrastructure and adding pumping capacity to manage flooding in the area. These upgrades will improve water flow and storage, increasing the flood resiliency of

Deal to protect ranch from development means family can keep raising cattle there

An agreement to protect a sprawling ranch in southern Alberta from development is the largest of its kind in the country, the Nature Conservancy of Canada says, and will allow the family that owns it to continue raising cattle there. The 22,000-hectare McIntyre Ranch was founded south of Lethbridge, Alta., in 1894 by William McIntyre and it remained in his family until his son, Billy, died in 1947. A longtime family friend and employee, Ralph Thrall, bought the property after Billy’s death and the Thrall family continues to own and operate it today. “We’ve just maintained the legacy of sustainable ranching that the McIntyres began when they came up from Texas and saw the overgrazing that had occurred through the Midwest, and so they learned through others’ mistakes and left the grass rather than taking it all,” Ralph Thrall III said Sunday in a phone interview from Lethbridge. The agreement, formally announced Monday in recognition of Earth Day, is a partnership between the Thrall

B.C. to increase local milk production with $25-million factory investment

The British Columbia government is contributing up to $25 million toward the expansion of a milk production plant aimed at boosting the supply of locally sourced food. The province said the construction expansion to Vitalus Nutrition’s plant in Abbotsford, B.C., will begin this summer and will increase local milk production by 50 per cent, to 1.4 billion litres annually. The project will boost local production for dairy products such as butter, which is currently required to be shipped from Eastern Canada to fill local demand, the government said in a statement. Premier David Eby told a news conference announcing the project Tuesday that it will also create up to 100 more jobs at the site. Eby said the pandemic as well as recent climate disasters, including the atmospheric river that swamped southwestern British Columbia in November 2021, impacted supply chains, elevated grocery prices and showed a need to produce more food locally. “We understand that we still need to ensure that

No-Till Farmer & Farm Equipment Named Finalists for National Writing Awards

Lessiter Media’s No-Till Farmer and Farm Equipment editors were recognized by the American Society of Business Press Editors with regional awards in the association’s 2024 Azbee Awards of Excellence and have been announced as national finalists for the program as well.

Award-Winning Dealers Share Precision Revenue Growth Opportunities & More

A trio of representatives from Precision Farming Dealer’s Most Valuable Dealerships (MVD) shared their keys to success during the 2024 Precision Farming Dealer Summit in Indianapolis.

© 2024   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service