MISSISSAUGA, ON, June 7, 2013 /CNW/ - Egg Farmers of Ontario (EFO) has
decided to launch an electronic quota transfer system to provide a new
and improved quota market mechanism for its farmers in 2014.
Beginning in early 2014, buyers and sellers of Ontario egg and pullet
quota will conduct transfers through a transparent and accessible
electronic transfer system rather than through direct private sales
"The EFO board made the decision at its June meeting following extensive
discussions and research into a variety of potential options including
similar existing transfer methods already in place in British Columbia,
Manitoba and Quebec," said EFO Chair Scott Graham.
"EFO will be consulting extensively with egg and pullet farmers over the
next few months to design the details of a made-in-Ontario quota
transfer system that works for our farmers," Graham added.
All Ontario egg and pullet quota holders were informed by mail and email
on June 6 about the decision. They were also advised that, until the
new quota transfer system is operating, the EFO board has instituted a
moratorium on egg and pullet quota transfers to allow for an orderly
implementation of the new process.
Graham said the decision to introduce an organized market for quota
follows two years of discussion and consultations with farmers.
"Discussions about potential ways to improve the method of transferring
Ontario egg and pullet quotas have been underway since 2011," Graham
said. "Farmers said the lack of opportunity and lack of information
about private quota sales means they find it is becoming more difficult
to purchase quota without having to go through egg and pullet industry
Based on feedback from farmers during the last two years that Ontario
needs a more effective market for quota transfers, the EFO board
decided that farmers need a regularly-scheduled market where all buyers
and sellers are guaranteed access to participate on fair and equal
terms. "All buyers and sellers will benefit from the accessibility of
an effective, organized market mechanism co-ordinated in a transparent
way by a third-party organization," Graham said.
Now that the decision has been made to launch a new quota transfer
system, EFO will be working with farmers to develop details of the new
system, Graham said. "EFO will be consulting with egg and pullet
farmers over the next few months to make sure the system works for our
members," he said. "To make this happen, the criteria surrounding the
quota transfer system will be the subject of meetings to be held in
late summer and early fall."
Egg Farmers of Ontario represents the approximately 440 egg farmers and
pullet growers in Ontario. It is an independent, self-governing
organization funded entirely by egg and pullet farmers.
SOURCE: Egg Farmers of Ontario
For further information:
Director of Public Affairs,
Egg Farmers of Ontario