Farms.com Home   News

Grain Commission Plans To Cut User Fees

 
The Canadian Grain Commission (CGC) is proposing to reduce its user fees as of August 1, 2017, in response to a $100 million surplus that has been accumulated over the years.
 
The benefit to affected stakeholders of the proposed fee reduction is $9.99 million for the 2017–2018 fiscal year, a cost decrease of 15 per cent. The benefit is expected to be around $15 million thereafter. The accelerated reduction is ahead of the original schedule of new user fees which would have started April 1, 2018.
 
Grain Growers of Canada President Jeff Nielsen said the move is in line with the group's recent calls to Federal Agriculture Minister Lawrence MacAulay and the Commission to prevent the further accumulation of the surplus.
 

 

Source : Portageonline

Trending Video

2026 USDA Acreage Fireworks Next Week? + RVO’s Old new

Video: 2026 USDA Acreage Fireworks Next Week? + RVO’s Old news


Next week’s USDA reports (acreage/stocks) could be a surprise/market moving. RVO’s (new blending biofuel requirements) were as expected with no big surprises and already baked into futures. E15 summer waiver just simply good optics. Markets are skeptical that the war in Iran ends soon with no diplomatic off ramp. The Trump/Xi meeting in China now May 14 – 15. March 1 USDA hogs and Pigs report was friendly/bullish + CFTC and more.