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CGC revokes licences from Purely Canada Foods Corp

People in the grain trade expect there are some producers outside of the time parameters who will be ineligible for compensation.
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Licenced grain buyers have to post a bond with the Canadian Grain Commission to ensure that if they become insolvent, farmers get paid.

The Canadian Grain Commission has revoked the grain dealer licence and primary elevator licences of Purely Canada Foods Corp. in Avonlea, Kindersley and Lajord.

According to sources in the grain trade, Purely Canada has been struggling to pay its bills for quite some time and there are many farmers unpaid for grain deliveries, particularly pulse crops, specialty crops and durum.

Licenced grain buyers have to post a bond with the Canadian Grain Commission to ensure that if they become insolvent, farmers get paid. Usually, but not always, that bond is large enough to cover farmer losses. However, there are time limits for farmers to make claims.

To be eligible, a farmer must file a claim within 90 days of delivery or within 30 days from when they are issued a cash purchase ticket or cheque, regardless of the date on it. The lessor of these two time periods applies.

People in the grain trade expect there are some producers outside of the time parameters who will be ineligible for compensation.

Any producer owed money by Purely Canada should immediately contact the Canadian Grain Commission at 1-800-853-6705.

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