The Canadian Grain Commission (CGC) tries to ensure grain companies have enough security posted to cover farmers against payment defaults, but sometimes the security falls short.
That’s why the CGC urges farmers to get paid right away.
Farmers can make a claim against a company’s security if they are not paid within 90 days from the date of delivery. Beyond 90 days they’re not covered.
Farmers who receive a cash purchase ticket or cheque are covered for 30 days, or until 90 days from the date of grain delivery, the lesser of the two time periods.
When a company refuses to pay, or the cheque bounces, farmers have 30 days to notify the CGC in writing. [email protected]
