The Canadian Grain Commission (CGC) says producers who filed eligible claims of non-payment for grain delivered to Canadian Exotic Grains Ltd. are receiving full compensation through the CGC’s producer payment protection program.
The pulse and specialty crop buyer at Eston, Saskatchewan had its grain dealer license revoked on April 26, 2018, after the CGC said the company was unable to pay producers.
The CGC says its investigation determined there were four claims eligible for compensation. These claims were covered by the security Canadian Exotic Grains had posted under the terms of its license.
There were several other claims that were deemed ineligible because they were not submitted within the producer payment protection program timeframe, says the CGC.
To be eligible for compensation under the program, a farmer who is having trouble getting paid for grain must notify the CGC within 90 days of delivery or within 30 days from the date the cash purchase ticket or cheque that was issued, whichever is less.
Canadian Exotic Grains filed for creditor protection on July 17, 2018.