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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

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End of June USDA Crop Reports a Dud, U S Corn Crop Conditions 73% G E, & Whisper on Trade Deals

Video: End of June USDA Crop Reports a Dud, U S Corn Crop Conditions 73% G E, & Whisper on Trade Deals


No market-moving end-of-June USDA Acreage and quarterly stocks reports. U.S. corn crop conditions at 73% good-excellent has the trade talking above-average trendline yields at 183 – 190 bpa (2-5% above trend for 2025). Rumors that Trump in Iowa on Thursday evening could announce more trade deals on top of the Vietnam trade deal, but the whisper is that there might be a trade deal with China?
Sunday night's U.S. weather outlook ahead of the key U.S. corn pollination stage and trade deals could be market-moving for Monday’s trade after a long 3-day U.S. holiday.