The Board wishes to notify all Organic Producers that there will be a Specialty (Organic) Quota Exchange in October 2019. Details for the First October 2019 Specialty Quota Exchange are as follows:
0.83 kilograms/day of Specialty CDQ offered for sale
Quota Exchange in the Month of: OCTOBER
Current Exchange Price: $36,500 per daily kilogram
Deadline to submit an application: October 1st by 1:00 pm
Effective Date of Transfer: November 1, 2019
(Application must be clearly identified “Specialty QE”)
Notification will be provided if subsequent exchange(s) are required.
If the seller is not cleared at 100%, the exchange will be cancelled and re-run within 2 weeks with the following schedule for price decreases:
|If First Exchange is cancelled||$ 500|
|If Second Exchange is cancelled||$1,000|
|If Third Exchange is cancelled||$2,000|
|If Fourth Exchange is cancelled||$4,000|
|Fifth Exchange and thereafter||$4,000|
- All quota sold is allocated in proportion to all buyers. The quota exchange will clear 100% of all sellers.
- Bid minimum on the exchange per IRMA is 0.10 kg/day
- Bid maximum on the exchange per IRMA is: the lesser of the Specialty CDQ offered for sale, or 50.00 kg/day
To submit a quota exchange application:
As the Maximum bid is less than 5.00 kgs, a financial commitment letter is not required.
- Email application to firstname.lastname@example.org
You will receive a confirmation email that the submission has been received.
**PLEASE NOTE that the Specialty Quota Exchange is not operated through MMS and; subsequently, applications CAN ONLY BE SUBMITTED BY EMAIL to email@example.com.
No quota exchange applications will be reviewed until after the deadline date. Please ensure that all applications are signed by the registered quota holder(s) with authority to sign. If any applications do not have the correct signatures, those applications will not be processed for the exchange.
If you have any questions with respect to participating on the upcoming Specialty Quota Exchange, please contact Kathy Wallis at 604.854.4471 or firstname.lastname@example.org.