Canadian Grain Commission fully compensates eligible producer claims for unpaid deliveries to Zeghers Seed Inc.
2024年7月19日 - 12:32AM
Producers who were not paid for grain delivered to Zeghers Seed
Inc. (operating as Zeghers Canada) will be fully compensated for
their eligible claims through the Canadian Grain Commission’s
Safeguards for Grain Farmers Program.
Following a review of individual producer claims,
the Canadian Grain Commission determined that there were 27
eligible claims for unpaid deliveries to Zeghers Seed Inc. The
Canadian Grain Commission will issue compensation totalling over
$1.2 million from the company’s security to these producers.
Producers will receive 100% compensation for their eligible claims
for unpaid deliveries.
The Canadian Grain Commission revoked the licences
of Zeghers Seed Inc. on March 25, 2024. The company held a grain
dealer licence and a primary elevator licence for an elevator
located in Holland, Manitoba.
Quote
“The Canadian Grain Commission is committed to
ensuring producers are fairly compensated for their deliveries. Our
Safeguards for Grain Farmers Program plays a key role in securing
payments for producers, and we are pleased to be able to provide
100% coverage of eligible claims for unpaid deliveries to Zeghers
Seed.”
David Hunt Chief Commissioner, Canadian Grain
Commission
Quick facts
- The Canadian Grain Commission’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 Canadian Grain Commission as a bond, letter of
credit, letter of guarantee, or payables insurance. If a licensed
company does not meet its payment obligations, the Canadian Grain
Commission uses the company’s security to compensate eligible
producers.
- If a licensee fails to meet its obligations, producers are
eligible for compensation within 90 days from the date of their
grain delivery or within 30 days from the date a cash purchase
ticket or cheque was issued to them. The lesser of these two time
periods applies.
Associated links
- Zeghers Seed Inc. o/a Zeghers Canada – Producers compensated
100% for eligible claims
- Safeguards for Grain Farmers Program - Payment protection
- History of payments to producers
- Canada Grain Act
Contact
Christianne Hacault Head of communications
Canadian Grain Commission 204-229-0128
christianne.hacault@grainscanada.gc.ca
Canadian Grain Commission
The Canadian Grain Commission is the federal
agency responsible for establishing and maintaining Canada’s grain
quality standards. Its programs result in shipments of grain that
consistently meet contract specifications for quality, safety and
quantity. The Canadian Grain Commission regulates the grain
industry to protect producers’ rights and ensure the integrity of
grain transactions.