Below is a press release on the proposed changes to the producer payment protection. I would encourage you to pay attention to these changes and the move from CGC bonding requirements to an insurance protection.
[URL="http://www.grainscanada.gc.ca/media-medias/press-presse/2013/2013-10-07-eng.htm"]producer payment protection[/URL]
I think the new program will be better from a farmer standpoint - insurance processes/payouts are likely to be simpler than the current bonding system. Not sure how the industry will respond and whether there will be differences in insurance premiums for different buyers based on their financial situation/risk of default.
[URL="http://www.grainscanada.gc.ca/media-medias/press-presse/2013/2013-10-07-eng.htm"]producer payment protection[/URL]
I think the new program will be better from a farmer standpoint - insurance processes/payouts are likely to be simpler than the current bonding system. Not sure how the industry will respond and whether there will be differences in insurance premiums for different buyers based on their financial situation/risk of default.