How much is a milk quota worth?

Quota for a single cow ranges from $25,000 in Ontario and Quebec to $42,500 in B.C. Setting up a typical 70-cow farm would cost more than $3-million, plus land. Steep tariffs and strict import quotas limit what other countries can sell here.

How much is a Canadian milk quota?

The price for one quota, essentially one dai ry cow, has jumped from an average of $16,000 in the 1990s to more than $20,000 today. In some provinces a quota can cost more than $30,000. Considering that a typical dairy farmer has about 70 cows, that’s roughly $2-million worth of quotas.

How much does milk quota cost in Ontario?

Today quota is bought and sold. In Ontario, the price of dairy quota reached a high of $33,805 (per kilo of butterfat, but, roughly, per cow) before being capped and reduced to its current price of $24,000. In Alberta, where quota are traded freely, the price is more than $40,000.

How does milk quota work?

Milk quotas were attached to land holdings and represented a cap on the amount of milk that a farmer could sell every year without paying a levy. Milk quotas were assets and could be bought and sold or acquired or lost by other means and so there was a market for them.

How much is milk quota in BC?

The cost or “tax” for consumers is $48 per year for a family of four or 7¢ per quart of milk con- sumed.)

What is the largest dairy farm in Canada?

Article content. CCS milks an astonishing 3,500 cows at its main location outside Chilliwack. It’s the largest single dairy farm in Canada, where the average operation runs just 77 cattle.

How much money do dairy farmers make per cow in Canada?

The 61 farms had an average net return from their dairy enterprises of $2,348 per cow or $29.88 per hectolitre.

Does the milk Marketing Board still exist?

The Milk Marketing Board effectively ceased operation in 1994. A voluntary scheme, Milk Marque, was established in its absence and controlled 65% of the UK’s milk marketing.

Is milk business profitable in Canada?

The average net income per dairy farms in Canada amounted to approximately 176,11 Canadian dollars in 2020. This figure has fluctuated in recent years, with figures dipping to around 145,000 Canadian dollars in 2018 before increasing again.