Common use of RELATED PRODUCERS Clause in Contracts

RELATED PRODUCERS. Relatedness affects an applicant’s eligibility to receive an advance, as well as the amount of an advance. Producers are related if they do not deal with each other at arm’s length. Producers are presumed to be related to another producer in any of the following circumstances: 1. One of the producers is the spouse or Common-Law Partner of the other producer; 2. One of the producers owns at least 25% of the voting shares of the other producer; 3. One of the producers owns at least 25% of the voting shares of a corporation that directly or through any other corporation owns 25% of the voting shares of the other producer; 4. One of the producers is entitled to 25% or more of the profits or revenues of the other producer; 5. The producer shares any management services, administrative services, equipment, facilities or overhead expenses of a farming operation with the other producer, but is not in partnership with that other producer; or 6. Any other circumstances set out in the Agricultural Marketing Programs Act or the Agricultural Program Marketing Regulations

RELATED PRODUCERS. Relatedness affects an applicant’s eligibility to receive an advance, as well as the amount of an advance. Producers are related if they do not deal with each other at arm’s length. Producers are presumed to be related to another producer in any of the following circumstances: 1. One of the producers is the spouse or Common-Law Partner of the other producer; 2. One of the producers owns at least 25% of the voting shares of the other producer; 3. One of the producers owns at least 25% of the voting shares of a corporation that directly or through any other corporation owns 25% of the voting shares of the other producer; 4. One of the producers is entitled to 25% or more of the profits or revenues of the other producer; 5. The producer shares any management services, administrative services, equipment, facilities or overhead expenses of a farming operation with the other producer, but is not in partnership with that other producer; or 6. Any other circumstances set out in the Agricultural Marketing Programs Act or the Agricultural Program Marketing Regulations.