Deferred cash purchase tickets and your farmApril 19, 2017Hub ArticleWould a change to the use of deferred cash purchase tickets significantly impact your farm? The recent federal budget announcement launched consultations on the use of deferred cash purchase tickets. This includes hearing from stakeholders on their “ongoing utility” in the post-CWB marketing environment, and possible transitional rules should the option be removed. We’d like your input.Working with our provincial members, the Canadian Canola Growers Association is organizing a national response to the consultation and is looking for feedback on whether canola farmers use the deferred ticket option and how it helps those farm operations.We’re looking for answers to several questions, including:Does your farm currently defer cash tickets or settlements? How does the deferral option benefit your farm? What other tools are available to manage cash flow? You can share your comments and experiences by emailing email@example.com.The ability to defer income is unique to farming. When delivering to a licensed grain elevator, farmers have the option of settling their grain sale with either a cash ticket or a deferred cash ticket. With a deferred cash ticket, farmers sell their grain and the account is settled in the following tax year. This option has provided a tool to address the cyclical and volatile nature of the agriculture sector. Deferring income allows farmers the ability to better manage their farm finances. For those interested in participating the larger consultations, stakeholders have until May 24th to submit comments directly to the Government here.