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Canadian Exotic Grains Ltd.: eligible producers receive 100% compensation

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Canadian Exotic Grains Ltd.: eligible producers receive 100% compensation

Canada NewsWire

WINNIPEG, Aug. 14, 2018 /CNW/ - Producers who were not paid for grain delivered to Canadian Exotic Grains Ltd. have been compensated through the Canadian Grain Commission's Safeguards for Grain Farmers Program.

Canadian Exotic Grains Ltd.'s grain dealer licence was revoked on April 26, 2018, because the company was unable to pay producers. The Canadian Grain Commission investigated a number of non-payment claims against the company, and determined there were four producer claims eligible for compensation. These claims were fully covered by the security posted by Canadian Exotic Grains Ltd. under the terms of their license.

However, there were also a number of claims deemed ineligible because they were not submitted to the Canadian Grain Commission within the timeframe required under the program. To be eligible for compensation, producers must submit their claim within 90 days of delivery or within 30 days from the date the cash purchase ticket or cheque was issued, whichever is less.

The Canadian Grain Commission recommends that producers limit their risk of financial loss by requesting payment for each load at time of delivery. Producers who are experiencing delays in being paid should contact the Canadian Grain Commission immediately.

Quotes

"The Canadian Grain Commission is committed to protecting Canadian grain producers and ensuring that they are fairly compensated for their grain."

Patti Miller,
Chief Commissioner, Canadian Grain Commission

Quick facts

  • Through its Safeguards for Grain Farmers Program, the Canadian Grain Commission offers payment protection to producers when they deliver grain to licensed companies.
  • Licensed companies must provide security to cover amounts owed to producers for grain deliveries. If a company is unable to pay for grain that has been delivered, this security is used to compensate producers who have made eligible claims.
  • To be eligible for compensation, producers must notify the Canadian Grain Commission that they are experiencing trouble getting paid within 90 days of delivery or within 30 days from the date the cash purchase ticket or cheque was issued, whichever is less.

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Canadian Grain Commission

The Canadian Grain Commission is the federal agency responsible for establishing and maintaining Canada's grain quality standards. Its programs result in shipments of grain that consistently meet contract specifications for quality, safety and quantity. The Canadian Grain Commission regulates the grain industry to protect producers' rights and ensure the integrity of grain transactions.

SOURCE Canadian Grain Commission

View original content: http://www.newswire.ca/en/releases/archive/August2018/14/c6265.html

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