Egg Farmers of Ontario Announce New Entrant Program

MISSISSAUGA, ON, April 8 /CNW/ - Last week, at Egg Farmers of Ontario's (EFO) 46th Annual Meeting held at the Toronto Airport Marriott Hotel, a New Entrant Quota Loan Pool was introduced to attendees. The aim of the Policy is to help individuals enter the Ontario egg industry.

EFO's Board of Directors began exploring the possibility of such a program in late 2009 and throughout 2010 they looked to other province's programs for insight and encouraged input from EFO egg & pullet farmers.

"We are pleased to provide this opportunity for individuals to join Ontario's egg industry," said EFO Chair Carolynne Griffith. "It is something we've been working towards and are excited it's now come to fruition."

In order to be eligible for EFO's New Entrant Quota Loan Pool, an applicant must:

  • Be a Canadian citizen or landed immigrant;
  • Be a permanent resident of Ontario;
  • Not have held quota, currently or in the past, of any type in the supply-managed sector (egg, pullet, chicken, turkey, dairy or hatching eggs);
  • Successful applicants will be required to purchase quota based on a 1:2 ratio;
  • Priority will be given to persons between the ages of 18 and 45.

"This is a permanent, long term program designed to add new farmers to our ranks," Griffith explains (see the New Entrant Policy Fact Sheet under "How does it work?" section). "It's a great way to ensure constant renewal of our industry."

Applicants who meet the above criteria will be reviewed by a selection committee comprised of well-respected and knowledgeable industry representatives. EFO will act as a resource for the committee. The committee members are:

  • Laurent Souligny, Past Chair of Egg Farmers of Canada
  • Darryl Ball, OMAFRA
  • Craig Bremner, TD Canada Trust
  • Robert Loree, Ward & Uptigrove
  • Junior Farmers' Association of Ontario

To apply, interested individuals must complete and submit an application form (available through EFO) along with a $100.00 non-refundable fee. Applicants are also encouraged to submit a Business Plan with their application. Successful applicants will be required to purchase quota based on a 1:2 ratio (1 unit purchased, 2 loaned). Applications will be accepted immediately up to and including May 31, 2011.

New Entrant Policy Fact Sheet

What?
The New Entrant Quota Loan Pool (NEQLP) is a new policy for new entrants to the Ontario egg industry introduced in March 2011 by Egg Farmers of Ontario (EFO).

Why?
To foster the opportunity for individuals to join the Ontario egg industry and make it easier for them to do so.

When?
The policy was launched at EFO's 46th Annual Meeting in March 2011 with applications being accepted immediately.

How does it work?
EFO will allocate a total of 50,000 units of egg quota, over a 10-year period into the NEQLP. Each year, up to 5,000 units of egg quota will be loaned to the successful applicant(s). This quota will be loaned based on a 1:2 ratio (1 unit purchased, 2 loaned). After 10 years, the loaned quota will be returned into EFO's NEQLP in five installments (20% each).

Who's eligible?
In order to be considered for EFO's NEQLP, an applicant must:

  • Be a Canadian citizen or landed immigrant;
  • Be a permanent resident of Ontario;
  • Not hold quota of any type in the supply-managed sector (egg, pullet, chicken, turkey, dairy, or hatching eggs);
  • Not have held quota, currently or in the past, of any type in the supply-managed sector;
  • Priority will be given to persons between the ages of 18 and 45.

How to apply?
Interested individuals must complete and submit an application form (available through EFO) along with a $100.00 non-refundable fee. Applicants are also encouraged to submit a Business Plan with their application.

How are recipients chosen?
Eligible applications will be reviewed by a selection committee comprised of well-respected and knowledgeable industry representatives with EFO acting as a resource to them. The selection committee's recommendation will be presented to EFO's Board of Directors for final decision. All applicants will be notified of the outcome. Applications not accepted become null and void and applicants must re-apply to be considered in future years.

How does recipient obtain loaned quota?
Once chosen, EFO will prepare a Memorandum of Understanding (MOU) for the successful applicant(s) to sign. The MOU will outline the conditions for obtaining the loaned quota. Also successful applicant(s) will provide an Agreement to Purchase the determined units of quota based on the 1:2 ratio. Upon execution of the MOU and Agreement to Purchase, EFO will loan (based on 1:2 ratio) and allocate quota to recipient. Production must begin within 18 months of being selected.

Deadline
Applications may be submitted beginning March 29, 2011 up to and including May 31, 2011.

SOURCE Egg Farmers of Ontario

For further information:

Contact:
Harry Pelissero
General Manager
Eggs Farmers of Ontario
905-858-9790

Organization Profile

Egg Farmers of Ontario

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890