The CGC revoked the company’s license in July
The Canadian Grain Commission (CGC) has compensated eligible farmers for unpaid deliveries to Grasslands Brokerage & Consulting Ltd.
A review of submitted claims showed two were eligible for support under the Safeguards for grain Farmers Program, which protects farmers from non-payment if a company or elevator enters insolvency.
“The Canadian Grain Commission issued 68% compensation from the company’s security to these producers,” a late October notice from the CGC says.
Grasslands Brokerage & Consulting Ltd. owes additional farmers payment too.
But those farmers are unlikely to receive the compensation.
“These amounts are ineligible for compensation because the deliveries fell outside of the program eligibility period or were of a grain that is not regulated by the Canada Grain Act,” the CGC’s notice adds.
The CGC revoked the Regina, Sask., company’s grain dealer license in July.
At the time, the CGC encouraged producers who did business with the company before July 10 to contact the safeguards program.
Farmers who made deals with the company after July 10 wouldn’t be granted protections.
Grasslands continues to operate but is doing so without a CGC license.