Egg Farmers of Ontario has introduced a New Entrant Quota Loan Pool to help individuals enter the Ontario egg industry.
The organization will allocate 50,000 units of egg quota over a 10-year period into the program.
Up to 5,000 units will be loaned to successful applicants annually based on a ratio of one unit purchased-two units loaned.
The loaned quota will be returned to the program after 10 years in five installments.
Eligible applicants must be Canadian citizens or landed immigrants, be a permanent resident of Ontario and not have held quota in the supply-managed sector.
Priority will be given to farmers aged 18 to 45.
A selection committee comprising industry representatives will review applicants who meet the above criteria.
Applicants must submit an application form and a $100 nonrefundable fee and are encouraged to submit a business plan. The application deadline is May 31.
