The Marketing Agency is accountable to the Minister for the efficient
administration of the program. Officials from the Department will
be reviewing administrative procedures and conducting program monitoring
to ensure compliance with the Price Pooling Program. If the Act
of the agreement is breached, the agreement may be cancelled or
deemed null and void and any payment made by the Minister may need
to be repaid.
In general, the principal obligations of a Marketing Agency are
as follows;
- Take steps, in accordance with the terms and conditions of the
price guarantee agreement, to ensure that the crop delivered is
of marketable quality, graded and tested on delivery and adequately
stored by the marketing agency so as to remain of marketable quality
until sold;
- Keep the agricultural product in storage adequately insured;
- Pay to the producer for the agricultural product delivered to
the Marketing Agency an initial payment in accordance with the
price guarantee agreement;
- Ensure that the agricultural product delivered was produced
by the producer receiving the initial payment;
- Market the agricultural product at the best possible price obtainable
over a reasonable time frame in all markets;
- Pool the proceeds of the sale of the agricultural product;
- Request approval of any payment to producers above the maximum
initial payments specified in the price guarantee agreement (such
as interim or final payments);
- Distribute equal returns to the producers for agricultural products
of like grades, varieties and types; and
- Return to the producers the proceeds of the sale of all the
agricultural product produced and delivered during the period
specified in the agreement, after deducting the initial payment,
the marketing agency's costs and any reserves.
Marketing agencies are also responsible for providing Price Pooling
Program management with monthly sales reports. Click below to download
and view the Monthly Sales Report. You must use Acrobat Reader to
view the file. Click here
to download the Acrobat Reader.
