British Columbia Order in Council — Order under Farm Income Insurance Canada-British Columbia Agreement to "Zero Out" Negative Margins in the CFIP Reference Period (O.C. 339/2001)

O.C. 339/2001

British Columbia — Orders in Council

PROVINCE OF BRITISH COLUMBIA ORDER OF THE LIEUTENANT GOVERNOR IN COUNCIL Order in Counsil No. 339 , Approved and Ordered MAR 3 0 2001 Lieutenant Governor Executive Council Chambers, Victoria On the recommendation of the undersigned, the Lieutenant Governor, by and with the advice and consent of the Executive Council, orders that approval is given to the Minister of Agriculture, Food and Fisheries and Minister Responsible for Rural Development, on behalf of the Province, to sign the Canada-British Columbia Agreement to "Zero Out" Negative Margins in the CFIP Reference Period, substantially in the form attached. c• ■ Pres1 g Member of the Executive Council Minister Agriculture, Food and is er and Minister Responsible for Rural Development (This

part is for administrative purposes only and is not part of the Order.) Authority under which Order is made: Act and section: Farm Income Insurance Act (RSBC 1996, c. 130, s. 5) Other (specify): 30-1101\\

DRAFT 3; January 29, 2001 CANADA-BRITISH COLUMBIA AGREEMENT TO "ZERO OUT" NEGATIVE MARGINS IN THE CFIP REFERENCE PERIOD THIS AGREEMENT made this day of 2001. BETWEEN THE GOVERNMENTS OF: CANADA (referred to as "Canada"), as represented by the Minister of Agriculture and Agri-Food, OF THE FIRST PART; - and - BRITISH COLUMBIA (referred to as "the Province"), as represented by the Minister of Agriculture, Food and Fisheries, OF THE SECOND PART; Canada and the Province together are referred to as the "parties".

WHEREAS the parties desire to enhance the income disaster assistance provided to farmers through the Canadian Farm Income Program (CFIP), and

WHEREAS the parties agree to deem negative margins in the reference period as zero for the purpose of calculating applicants' CFIP payments, THEREFORE, THE PARTIES agree as follows:

Definitions used in the Federal-Provincial Agreement Establishing the Canadian Farm Income Program have the same meaning in this Agreement unless otherwise specified herein. Canada-British Columbia Agreement to "zero out" negative margins in the CFIP reference period

1.0

DEFINITIONS 2 1.1 "Agreement" means the Canada-British Columbia Agreement to "Zero Out" Negative Margins in the CFIP Reference Period and includes any appendices and annexes approved pursuant to this Agreement. 1.2 "CFIP Agreement" means the Federal- Provincial Agreement Establishing the Canadian Farm Income Program including any of its Appendices and Provincial Annexes. 1.3 "Federal Compensation" means the payments issued in the name of Canada to eligible applicants under this Agreement. 1.4 "Federal Contribution" means the Federa.

Compensation plus the share of the administrative costs related to this Agreement that are payable by Canada. 1.5 "Negative Margin" means that portion of an applicant's margin which is less than zero. 1.6 "Provincial Compensation" means the payments issued in the name of the Province to eligible applicants under this Agreement. 1.7 "Provincial Contribution" means the Provincial Compensation plus the share of the administrative costs related to this Agreement that are payable by the Province. 1.8 "Zero Margin" means a margin equal to zero.

Canada-British Columbia Agreement to ...12 "zero out" negative margins in the CFIP reference period

3 2.0 PURPOSE Purpose 2.1 The pui)ose of this Agreement is to provide for contributions to be made by Canada and the Province to pay for the difference between eligible applicants' CFIP payments calculated pursuant to the CFIP Agreement and calculated with Negative Margins in the Reference Period counted as Zero Margins.

This Agreement covers the 2000, 2001 and 2002 Claim Years. 3.0 BASIS OF PAYMENT TO APPLICANTS Applicant eligibility 3.1 Applicants who meet the program eligibility requirements of subsection 4.2 of the CFIP Agreement and who report any Negative Margins in the Reference Period may be eligible for payment under this Agreement. To be eligible to receive payment under this Agreement, applicants, for each of the Claim Years except for 2000, may be required to enrol in a crop production risk management program, if it is available to them. Calculation of payment 3.2 Subject to subsection 3.3 and

section 4, the payment amount that may be issued to an eligible applicant under this Agreement shall be the difference between: (

a) the applicant's CFIP payment calculated with Negative Margins Canada-British Columbia Agreement to ...13 "zero out" negative margins in the CFIP reference period

- 4 - deemed to be zero in the Reference Period, and (

b) the applicant's CFIP payment calculated with Negative Margins included in the Reference Period as negative amounts.

Payment limits 3.3 For the purpose of calculating both the Federal and Provincial Compensation, the sum of any payment to an applicant under this Agreement and any payment under the CFIP Agreement for the same Claim Year shall not exceed the individual and entity payment limits set out in paragraphs 2.13 and 2.14 of Appendix A, Common Disaster Program Conditions, of the CFIP Agreement and in the Province's Provincial Annex to that same agreement. 4.0 FUNDING AND COST-SHARING Appropriation of 4.1 Both the Federal and the Provincial funding Contributions are subject to appropriations of funding by Parliament and the provincial legislature for each of the 2000, 2001, and 2002 Claim Years.

If, at any time during the duration of this Agreement, Parliament or the provincial legislature changes its funding, the parties agree to renegotiate this Agreement. Federal Contribution 4.2 The Federal Contribution under this Agreement shall not exceed the following amount in a fiscal year: Canada-British Columbia Agreement to .../4 "zero out" negative margins in the CFIP reference period

5- (

a) Canada's funding for General Risk Management Programming allocated to the province as set out in the Canada-British Columbia Framework Agreement on Agricultural Risk Management; plus (

b) Canada's funding for General Risk Management Programming rolled over from previous years, if applicable; less (

c) Canada's funding for the NISA, Crop Insurance, and Fall Cash Advance Programs and other province-based programs pursuant to the following agreements: (

i) Canada-British Columbia Companion Agreement to provide for Provincial Contributions to the NISA and Crop Insurance Programs, and (ii) Canada-British Columbia Wildlife Damage Compensation Companion Agreement. Canada-British Columbia Agreement to .../C "zero out" negative margins in the CFIP reference period

- 6 - Federal-provincial 4.3 Subject to the payment limits set out in cost-sharing subsection 3.3, Canada and the Province shall share, on the basis of a 60:40 ratio, the cost of payments to eligible applicants, as well as the administrative costs related to issuing thoste payments in the Province.

Proration of Federal 4.4 The Federal Compensation shall be prorated if Compensation necessary to keep the Federal Contribution within the funding levels set out in subsection 4.2. 5.0 GENERAL PROVISIONS Link to CFIP Agreement 5.1 Except as otherwise provided, the terms of the CFIP Agreement apply to this Agreement including any exchanges of letters provided for in the CFIP Agreement. For greater certainty, this includes, but is not limited to, provisions relating to communications, evaluation, audit, administration and financial management. CFIP is delivered in the Province under the Whole Farm Insurance Program.

This Agreement may be amended only by further written agreement executed by Canada and the Province. This Agreement comes into force on the date of signing. Following its coming into force, this Amendments 5.2 Corning into force 5.3 Duration 5.4 Canada-British Columbia Agreement to .../6 "zero our' negative margins in the CFIP reference period

- 7 - Agreement shall continue to apply for the 2000 to 2002 Claim Years. Termination 5.5 This Agreement shall terminate after all payments have been made to eligible applicants and the obligations of Canada and the Province under this Agreement have been fulfilled. Canada-British Columbia Agreement to .../7 "zero out" negative margins in the CF1P reference period

- 8 - IN WITNESS THEREOF this agreement is duly executed by the authorized representatives of the parties. Signed in counterpart with the two counterparts taken together to constitute the whole Agreement. WITNESS SIGNATURE DATE Minister of Agriculture and Agri-Food Canada Minister of Agriculture, Food and Fisheries British Columbia Canada-British Columbia Agreement to "zero out" negative margins in the CFIP reference period

Document details

Collection	British Columbia — Orders in Council
Citation	O.C. 339/2001
Type	order_in_council
Volume / chapter	arc oic 0339 2001
Language	en
Format	pdf
Source	PROVINCIAL
Identifier	29e37b5326f69bedb93a77fc7dd1cd238a4f5ec8

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