IREC Re­port sees im­por­tance in PCTFA

Stanstead Journal - - LENOXVILLE NEWS -

The UPA (Union des pro­duc­teurs agri­cole) has re­acted fa­vor­ably to­wards the lat­est IREC (In­sti­tut de recher­ché en economie con­tem­po­raine) re­port. The re­port in­sists no­tably on the im­por­tance of the PCTFA (Pro­gram de credit pour taxes foncieres agri­cole) for those pro­duc­ers who profit from it. The re­port also noted how this pro­gram con­trib­utes to the es­tab­lish­ment of the next gen­er­a­tion of pro­duc­ers. IREC also saw the value in the UPA who, for sev­eral years, has been draw­ing at­ten­tion to the fac­tors that in­crease the costs of PCTFA, such as the in­crease in the value of farm­land, the method used to de­ter­mine the value of the farm­ing en­ter­prises and the low num­ber of mu­nic­i­pal­i­ties who ap­ply a dis­tinct tax, the norm in other places in the world, in­clud­ing On­tario. Af­ter a world re­view of farm tax­ing poli­cies, IREC has shown that pref­er­en­tial treat­ment of agri­cul­tural prop­er­ties with re­gards to prop­erty tax rates is gen­er­ally done. “Even when it takes dif­fer­ent forms, this type of in­ter­ven­tion is not ex­cep­tional. It is ac­tu­ally a world norm es­sen­tial to en­sure the com­pet­i­tive­ness of Que­bec farm pro­duc­ers,” said Mar­cel Groleau, the pres­i­dent of the UPA, adding that the govern­ment trans­fers to Que­bec farm­ers is less than the av­er­age of the coun­tries of the OECD and that pro­duc­ers as­sume higher pro­duc­tion costs than busi­nesses from other eco­nomic sec­tors. It takes $8 of in­vest­ment to gen­er­ate $1 in farm rev­enue.

The UPA hopes that the rec­om­men­da­tions of the re­port will be looked at by the Que­bec govern­ment when it comes to the fu­ture of the PCTFA.

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