Canadian Grain Act was changed to clarify the responsibilities of farmers

Published 2021년 2월 1일

Tridge summary

The Canadian Grain Act is set to undergo amendments in 2021 to clarify the responsibilities of farmers in grain marketing. The changes aim to prevent situations like the 1980s bankruptcies that led to federal agency payouts when grain merchants could not fulfill their financial obligations. The new laws will hold farmers accountable for verifying the licensure of grain merchants and will cap the Grain Commission's liability to the merchant's posted security. Additionally, the act may include canary seed as an official grain, providing compensation for producers, and may permit farmers to transport their grain across the U.S. border, bypassing the need for commercial transport.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Amendments to the Canadian Grain Act this year will clear up farmers’ responsibilities when marketing grain. The new legislation is designed to set out clear and explicit rules for transactions between farmers and grain merchants, Grain Commissioner Ted Wakefield told the Western Producer. The changes were prompted by two 1980s bankruptcies that led to payouts by the federal agency when companies were unable to pay farmers. Under the Bill C-51 amendments, farmers have the responsibility to figure out if they are dealing with a licensed grain merchant and won’t be able to make a claim for compensation if the merchant is unlicensed. Grain commission liability will be limited to the merchant’s posted security. The commission will publish names of licensed dealers and will have a toll-free phone number to give out that information. Grain Act changes may also add canary seed as an official grain with compensation for producers. This issue came to light two years ago when Ilta ...

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