Canadian Grain Fee absolutely compensates eligible producer claims for unpaid deliveries to Zeghers Seed Inc.

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WINNIPEG, Manitoba, July 18, 2024 (GLOBE NEWSWIRE) — Producers who weren’t paid for grain delivered to Zeghers Seed Inc. (working as Zeghers Canada) shall be absolutely compensated for his or her eligible claims by the Canadian Grain Fee’s Safeguards for Grain Farmers Program.

Following a evaluate of particular person producer claims, the Canadian Grain Fee decided that there have been 27 eligible claims for unpaid deliveries to Zeghers Seed Inc. The Canadian Grain Fee will subject compensation totalling over $1.2 million from the corporate’s safety to those producers. Producers will obtain 100% compensation for his or her eligible claims for unpaid deliveries.

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The Canadian Grain Fee revoked the licences of Zeghers Seed Inc. on March 25, 2024. The corporate held a grain seller licence and a major elevator licence for an elevator positioned in Holland, Manitoba.

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“The Canadian Grain Fee is dedicated to making sure producers are pretty compensated for his or her deliveries. Our Safeguards for Grain Farmers Program performs a key position in securing funds for producers, and we’re happy to have the ability to present 100% protection of eligible claims for unpaid deliveries to Zeghers Seed.”

David Hunt
Chief Commissioner, Canadian Grain Fee

Fast info

• The Canadian Grain Fee’s Safeguards for Grain Farmers Program regulates grain corporations to mitigate the danger of cost failure to producers and to assist the grain high quality assurance system.
• As a situation of licensing, licensed grain corporations are required to tender safety for excellent grain liabilities to producers to the Canadian Grain Fee as a bond, letter of credit score, letter of assure, or payables insurance coverage. If a licensed firm doesn’t meet its cost obligations, the Canadian Grain Fee makes use of the corporate’s safety to compensate eligible producers.
• If a licensee fails to fulfill its obligations, producers are eligible for compensation inside 90 days from the date of their grain supply or inside 30 days from the date a money buy ticket or cheque was issued to them. The lesser of those two time durations applies.

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Contact

Christianne Hacault
Head of communications
Canadian Grain Fee
204-229-0128
christianne.hacault@grainscanada.gc.ca

Canadian Grain Fee

The Canadian Grain Fee is the federal company liable for establishing and sustaining Canada’s grain high quality requirements. Its applications end in shipments of grain that constantly meet contract specs for high quality, security and amount. The Canadian Grain Fee regulates the grain business to guard producers’ rights and make sure the integrity of grain transactions.

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