Producers who were not paid for grain delivered to W.A. Grain & Pulse Solutions will receive an average of 80 per cent compensation for eligible claims through the Canadian Grain Commission’s (CGC) Safeguards for Grain Farmers Program.
The announcement comes after CGC suspension of W.A. Grain & Pulse Solutions’ grain dealer license and five primary elevator licenses on April 20, 2021. The company entered receivership on April 26, 2021.
Doug Chorney, chief commissioner of the CGC, says they are glad to be able to help producers owed money in this situation.
“The CGC advocated for producers before the courts and used the full force of the Canada Grain Act to maximize compensation for eligible producers. While our aim is to put as much money as possible back in the pockets of producers, the CGC cannot guarantee full compensation if companies do not meet their security obligations,” he says.
The CGC pursued and obtained payment for producers who held primary elevator receipts through sale of the company’s grain inventory, and also through the Bankruptcy and Insolvency Act. A total of 126 producers with eligible claims will receive total compensation of approximately $5.6 million for unpaid deliveries.