The Canadian
Grain Commission (CGC) announced today that it has
been able to make full payments to eligible grain
producers owed money by
Cloutier Agra
Seeds Inc.
On November 30, 2005,
the grain company licence of the Winnipeg-based Cloutier
lapsed. Because Cloutier was unable to pay its producer
creditors, the CGC used the security posted by the
company as part of its licensing agreement to compensate
eligible producers who have not been paid for grain
delivered during the preceding 90 days.
"We're pleased to be
able to report that all eligible claims have been
processed and cheques have been sent to the appropriate
producers," said CGC Chief Commissioner Chris Hamblin.
"Our licensing program is in place to protect grain
producers who are owed money by licensees. And that's
exactly what happened here: Cloutier's bond of $375,000
covered the $355,329.56 owed to 29 eligible producers.
While it's always unfortunate when a member of the grain
industry falls on hard times, it is gratifying to know
that producers have been paid."
All eligible producers
have been notified of their compensation and any who
have not already received their cheques should do so in
the next few days.
The CGC is the federal
agency responsible for establishing and maintaining
Canada's grain quality standards. Its programs result in
shipments of grain that consistently meet contract
specifications for quality, safety and quantity. The CGC
regulates the grain industry to protect producers'
rights and ensure the integrity of grain transactions.
For more information on the CGC and its programs, please
call 1-800-853-6705 or go to our Web site,
www.grainscanada.gc.ca.