Due to the staff of the BC Milk Marketing Board no longer working from the office caused by the COVID-19 pandemic, as well as the efficiencies gained through electronic means, effective immediately all payments to and from producers for the sale and purchase of quota must be made by electronic means.
For quota purchases: payments for purchases of quota through the quota exchange must be made by Pre-Authorized Debit (PAD), as is being done for the majority of producers already. For lending institutions unable to accommodate PAD, an electronic payment to the BCMMB on behalf of the producer is also acceptable. If you are purchasing quota on the May 2020 Quota Exchange (Payment Deadline April 23) and after and you are not set-up for this payment method, you must complete and keep updated a current PAD agreement on file with the BC Milk Marketing Board.
You can find a “Preauthorized Debit Agreement (PAD)” form on the Quota page of our website: https://bcmilk.com/producers/quota/
Once completed, please return this form by email to kwallis@bcmilk.com or by fax to 604-854-4471
For quota sales: receipt of funds for sales of quota through the quota exchange will now be made by Electronic Funds Transfer (EFT) to the selling producer’s bank account according to a new form that the Quota Officer (Kathy Wallis) will send to sellers after the completion of a successful quota exchange. In the case of bank assignments over quota that is sold, the selling producer’s bank will also need to complete a part of the form.
If you have any questions regarding this notice, please contact Dan Poelman at dpoelman@bcmilk.com