Supervisory Review: Chicken Pricing Policies (2020-2024)
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Letter: BCFIRB to BCCMB and BCBHEC — Establishing regular updates on chicken supply chain pricing strategy
BCFIRB responds to ongoing chicken supply chain pricing pressures and directs BCCMB and BCBHEC to begin monthly update meetings to ensure progress on a hatching egg producer price solution and long-term live price formula.
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Letter: BCFIRB to BCBHEC and BCCMB — Request to consult about pricing in the B.C. chicken supply chain
BCFIRB responds to BCCMB and BCBHEC’s July 11 joint submission on chicken pricing and requests a meeting to review their proposed pricing strategy and timeline.
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Letter: BCCGA to BCFIRB — Response on industry stability and current pricing structures
BC Chicken Growers’ Association responds to BCFIRB regarding an appeal by the Primary Processors’ Association of BC, asserting that the current pricing structure does not destabilize the B.C. chicken industry. The letter includes analysis of pricing comparisons and industry reports.
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Decision: B.C. Chicken Marketing Board interim pricing formula upper guardrail trigger
BCFIRB amends BCCMB Interim Pricing Formula to include a trigger model using $115.23 as the trigger value for period A-182 forward, conditional on BCCMB providing rationale for selecting Scenario 3.
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Decision: B.C. Chicken Marketing Board interim pricing formula amendment prior approval – period A-181
BCFIRB approves the interim formula amendment for period A-181 only and directs the B.C. Chicken Marketing Board to develop a wheat-corn price differential trigger for future extensions.
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Decision: Interim BCCMB pricing formula amendment prior approval period A-180
This is BCFIRB’s decision on the BCCMB’s November 18, 2022, request to extend the A-179 interim pricing formula (the 50% guardrail provision). BCFIRB approves the 50% guardrail provision for period A-180 only, but re-instates its adjustment for Ontario grower margins.
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Decision: Prior approval chicken interim pricing formula weight class amendment starting period A-178
BCFIRB approves the BC Chicken Marketing Board’s request to change the Ontario weight class reference in the interim formula to 2.15kg – 2.45kg, effective period A-178. This is BCFIRB’s final decision on the weight class change, a component of the BCCMB’s June 10, 2022, request that BCFIRB had deferred in its June 28, 2022, decision.
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Decision: B.C. Chicken Marketing Board interim pricing formula amendment prior approval – starting period A-177
BCFIRB approves the BC Chicken Marketing Board’s request to continue the 50% recovery above the guardrail for three periods but denies the change in Ontario weight class reference for A-177.
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Final Terms of Reference — Long Term Chicken Sector Pricing Review Process
BC Chicken Marketing Board and BC Broiler Hatching Egg Commission issue the final Terms of Reference for the pricing review, detailing the scope, goals, stakeholder roles, and three-phase workplan for BCFIRB approval.