The Ontario Beef Cattle Financial Protection Program is accessible to PEI producers that ship cattle to plants in Ontario. It is alleged that the The Livestock Financial Protection Board that administers the program works in favour of the licensed dealers, as opposed the producer – specific details of a PEI case are available in confidence.
References
- Ontario Beef Cattle Financial Protection Program
- For more than 25 years, the Ontario Beef Cattle Financial Protection Program has protected cattle sellers when a licenced dealer defaults on payment. Effective July 1, 2011, important changes have been made in the program to:
- Enhance the protection for sellers and licenced dealers, and
- Reflect modern banking practices.
- Here is a complete list of the changes.
- For more than 25 years, the Ontario Beef Cattle Financial Protection Program has protected cattle sellers when a licenced dealer defaults on payment. Effective July 1, 2011, important changes have been made in the program to:
- The Livestock Financial Protection Board
- The Livestock Financial Protection Board adjudicates claims and administers the compensation fund.
- The eight-member board is appointed by the Minister of Agriculture, Food and Rural Affairs, with nominations from the:
- Ontario Cattlemen’s Association
- Canadian Meat Council
- Ontario Livestock Auction Markets Association
- Ontario Independent Meat Packers and Processors
- Ontario Livestock Dealers Association
- Other industry groups
- For more information about the Ontario Beef Cattle Financial Protection Program, to report a late payment or make a claim, please contact us:P: 855-744-2440
519-744-2400
F: 519-744-2402
Email: jimwideman@obcfpp.ca
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