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 […]
Bank returned money after cheque was cashed
A cheque from an off-Island company was cashed, cleared, and deposited in the chequing account of the client. The source company then went bankrupt, and the money was returned to them. Why was the bank allowed to do this?
Beef cattle boarded on PEI but owned off-Island so sent away for killing
Many of the beef cattle on PEI are boarded here, but owned off-Island (e.g. owners in Ontario or Quebec). When it is time for butchering the owner requests that the cattle are shipped to the owner’s plant of choice instead of going to Atlantic Beef Products.
Cattle sale process improvements needed (billing, grading)
The bills of sale from the sale of cattle to brokers and not always meet the legal requirements needed to prove that the cattle were sold by the producer (e.g. in a court of law). Legislation should be put in place to ensure that bills of sale are consistent and legal. When cattle are purchased by […]