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Trudeau at the World Leaders G-20


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Obama mentioned, after his meeting with Trudeau, that Canada is supporting the tpp. Justin and his entourage "winced" and reiterated that Canada is still discussing this treaty and has not made a decision.

Apparently Obama temporarily forgot that our PM is no longer Stephen Harper and the Americans cannot speak for Canadian foreign policy any longer.

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Obama mentioned, after his meeting with Trudeau, that Canada is supporting the tpp. Justin and his entourage "winced" and reiterated that Canada is still discussing this treaty and has not made a decision.

Apparently Obama temporarily forgot that our PM is no longer Stephen Harper and the Americans cannot speak for Canadian foreign policy any longer.

You mean he made the mistake of thinking a Canadian government speaks for Canada when it makes an agreement? Until a Canadian government says otherwise, he is quite justified in thinking so.

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New quota is issued by government, after that it is bought and sold on the open market. Like a taxi license, it's real cost to a farmer can be much higher than what the government originally charged and can become a large part of the equity he has in his farm. To just drop the quota system with no compensation could bankrupt many farmers who have borrowed a lot of money in order to play by the rules and would now be stuck paying for something that has no value. Lending agencies would also take big hits from those bad loans.

Thanks Wilber, that is a better way to summarize. The dairy farmer must buy quota to exist and is likely his biggest investment. It is bought and sold on an exchange which thus determines its value. I do not know what entity collects the funds when a quota is purchased. However a dairy is impacted significantly by a fall in quota value when one talks of financing when considering lost equity.

The recent government investment as i have read is because value of quota is dropping because of uncertainty in the market with talk of TPP and changes in supply management system. There are more points to consider here then the government simply "giving" money away.

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It is a big expense. Good farmland in the Fraser Valley now goes for about $60,000 an acre so someone who wanted to start a moderate farm of 100 milking cows from scratch would have to spend 6 million on land if he wanted to be self sufficient in feed, plus machinery and equipment, plus buildings, plus a home to live in, plus quota etc etc. These guys deal in numbers I can't relate to.

Oh, and I forgot cows.

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