Deferred Cash Tickets to Remain an Important Business Tool for Farmers

 

Canola farmers welcomed the recent announcement by Agriculture and Agri-Food Canada Minister Lawrence MacAulay that the current use of deferred cash purchase tickets for canola and other listed grains will be maintained. Earlier this year the Government of Canada had launched consultations exploring the potential elimination of this important farm business tool.

 

Due to the volatile nature of production and markets, many farmers use deferred cash tickets to smooth income between years of high and low production. “Deferred cash purchase tickets are a commonly used tool by farmers,” says Jack Froese, President of Canadian Canola Growers Association. “Farmers presented a strong case for maintaining this aspect of our tax laws to keep farming viable between the good and not so good years. We’re very pleased that cash purchase ticket deferrals will be maintained.”

 

Deferred cash purchase tickets allow farmers to deliver a listed grain – such as canola, wheat, oats, and barley – to a licensed elevator and receive payment for that grain in the year following the year of delivery. Producers receive a deferred cash purchase ticket upon delivery and income is claimed in the subsequent year.

 

The decision to maintain deferred cash purchase tickets for listed grains was announced by Agriculture and Agri-Food Minister, Lawrence MacAulay, on behalf of Finance Minister, Bill Morneau, on November 6th.

 

CCGA represents more than 43,000 canola farmers on national and international issues, policies and programs that impact farm profitability.

 

Video: Evolution of Beef Cattle Farming

The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.