Canada Grain Act makes canary seed official

Published Jun 17, 2021

Tridge summary

Starting Aug. 1, Canadian canaryseed growers will be designated as official grains under the Canada Grain Act, providing them with financial protections and similar services to wheat, barley, flax, and canola growers. This move comes in response to financial losses suffered by growers following the bankruptcy of certain grain companies, most notably Ilta Grain. The Canadian Grain Commission's chief commissioner, Doug Chorney, emphasized the importance of these safeguards, particularly after unprotected canaryseed growers lost nearly $2.1 million due to Ilta's bankruptcy. The commission's decision follows broad support from the industry and is expected to incur minimal costs, with 25 out of the 28 registered canaryseed buyers in Canada already being CGC-licensed.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Selling canaryseed, which can be a risky business in Canada, is about to become a lot less risky for Canadian growers. Effective Aug. 1, canaryseed will be designated as an “official grain” under the Canada Grain Act. That means canaryseed growers will have access to the same services, programs and protections that are currently offered by the Canadian Grain Commission to producers of other official grains, such as wheat, barley, flax and canola. Specifically, canaryseed growers will be protected against financial losses that occur when they deliver canaryseed to a company that’s in financial distress and is unable to pay for the grain that it’s already received. The official grain status will mean several changes as of Aug. 1: The decision to include canaryseed in the Canada Grain Act was made after canaryseed producers raised concerns about financial losses they had incurred following the bankruptcy of some high profile grain companies, most notably Ilta Grain. “After successive ...

Source: The Western Producer