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Canadian Exotic Grains Ltd.'s grain dealer licence was revoked on April 26, 2018, because the company was unable to pay producers.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.
Source : Newswire