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Accumulated surplus

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  • Hopalong
    Senior Member
    • Apr 2013
    • 1244

    Accumulated surplus

    The Canadian Grain Commission has a surplus on fees collected of over $100 million.
    It is asking for discussion on what to do with the surplus.
    Preferred choice for me would be to return it to service users through lower fees.
    Could be done lowering fees by estimated amount and length of time required.
    Would not like to see Commission go off on a tangent like putting money toward research or buying grain cars.
  • bucket
    Senior Member
    • Jan 2008
    • 17030

    #2
    My guess is they throw it into general revenues. ....

    Comment

    • Oliver88
      Senior Member
      • Dec 2012
      • 4688

      #3
      I see two alternatives:

      1) Mail out cheques totalling $100 million to farmers.
      2) Reduce or eliminate fees until the $100 million + interest is accounted for.

      Comment

      • WiltonRanch
        Senior Member
        • Jul 2012
        • 4517

        #4
        Invest it for a rainy day like when one of their bonded buyers goes down and the bond won't cover 20 cents.

        Comment

        • wmoebis
          Senior Member
          • Aug 1999
          • 2652

          #5
          Originally posted by WiltonRanch View Post
          Invest it for a rainy day like when one of their bonded buyers goes down and the bond won't cover 20 cents.
          Think it is their mandate to make sure bonds are large enough to cover liabilities.

          Comment

          • Partners
            Senior Member
            • May 2010
            • 3105

            #6
            I would like a cheque in the mail..regardless of the amount.

            Comment

            • JDGreen
              Senior Member
              • Jan 2008
              • 865

              #7
              Hire an officer to stand guard in every terminal to limit the obscene stealing.. Personally don't want a cheque. Want value for that money

              Comment

              • bucket
                Senior Member
                • Jan 2008
                • 17030

                #8
                Can someone please explain how every ****ing load of cereal grain bought at prairie terminals is weighed,tested,cleaned for export and somehow the grade changes between prairie and port and then somehow 100 million gets charged back to farmers.

                Comment

                • MBgrower
                  Senior Member
                  • Sep 2012
                  • 1565

                  #9
                  Give it to the grain cos and railways.

                  Comment

                  • farming101
                    Senior Member
                    • Mar 2011
                    • 3955

                    #10
                    That's what happens after you kiss your grain goodbye when you open the slide

                    Oh and remember the grain commission needs a 1000 gram sample before they can help you out

                    Comment

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