CGC to Provide Full Compensation to Eligible Producers for Unpaid Deliveries to LSM Grain

Nov 14, 2024

Producers who were not paid for grain delivered to LSM Grain Ltd. will be fully compensated for their eligible claims.

In a release Thursday, the Canadian Grain Commission (CGC) - which pulled the gain dealer licence of Saskatoon-based LSM back in July - said it determined there were 9 eligible claims totalling over $395,000 for unpaid grain deliveries. Producers with eligible claims will receive 100% compensation from the company’s $2-million security, the CGC said.

However, the CGC said it also received 17 claims that could not be compensated because the deliveries fell outside of the 90-day eligibility period.

“We are pleased to provide 100% compensation to producers with eligible claims. If producers are having difficulties getting paid, we encourage them to contact us immediately and we will do everything we can to help them through our Safeguards for Grain Farmers Program,” said David Hunt, Chief Commissioner, CGC.

The CGC’s Safeguards for Grain Farmers Program regulates grain companies to mitigate the risk of payment failure to producers and to support the grain quality assurance system.

As a condition of licensing, licensed grain companies are required to tender security for outstanding grain liabilities to producers to the CGC as a bond, letter of credit, letter of guarantee, or payables insurance. If a licensed company does not meet its payment obligations, the company’s security is used to compensate eligible producers.

Video: Winter Canola Trial in Mississippi | Can It Work for Double Cropping? | Pioneer Agronomy

Can winter canola open new opportunities for growers in the Mid-South? In this agronomy update from Noxubee County, Mississippi, Pioneer agronomist Gus Eifling shares an early look at a first-year winter canola trial and what farmers are learning from the field.

Planted in late October on 30-inch rows, the crop is now entering the bloom stage and progressing quickly. In this video, we walk through current field conditions, fertility management, and how timing could make this crop a valuable option for double-cropping soybeans or cotton.

If harvest timing lines up with early May, growers may be able to transition directly into another crop during ideal planting windows. Ongoing field trials will help determine whether canola could become a viable rotational option for the region.

Watch for:

How winter canola is performing in its first season in this Mississippi field

Why growers chose 30-inch rows for this trial

What the crop looks like as it moves from bolting into bloom

Fertility strategy, including nitrogen and sulfur applications

How canola harvest timing could enable double-cropping with soybeans or cotton

Upcoming trials comparing soybeans after canola vs. traditional planting

As more growers look for ways to maximize acres and diversify rotations, experiments like this help determine what new crops might fit into existing systems.