Ilta Grain

[walterm]

Huh? No way. If that's the case the CGC should be covering all the Producers who never got paid.

It is up to producers to make sure they are covered. Producers shouldn't have signed agreements for payment later get paid on delivery. That is the way this Modern grain system was set up for self regulation.

[sumdumguy]

Why don’t farmers deal with local, reputable, tried and true companies, guys they have known to be honest forever? There are more than a hundred seed plants that started with the industry and grew the industry, often cleaning on their own farms, but salt of the earth. They aren’t flashy and they don’t smell every fart, but they are reputable, responsible and work hard. Maybe the reason that the tried and trues have stood the test of time is because they aren’t out to screw anybody, producers, buyers, banks, insurance companies RM’’s. Remember, the companies that pay high - sell low won’t be there for long as many have come and gone over the last 39 years and they have shafted creditors along the way, its never-ending.

[the big wheel]

This is a glaring example of how unprotected farmers are......

Thanks to the conservatives on this one. Gutted all the monitoring which is all good until you get screwed as a producer like this.

[walterm]

Thanks to the conservatives on this one. Gutted all the monitoring which is all good until you get screwed as a producer like this.

Does anyone know the status of other companies like G3 that have been spending millions and we were told that 49.9% of their company had 0 value. Where are the assets to cover their bonds? What about the other companies that are investing in infrastructure are they well covered the investments are nice but not if farmers can't get paid for deliveries.

[furrowtickler]

Seriously guys ??
This was a very reputable company.
Every pulse plant that ever exsisted here has had delayed payment after delivering.
And some of you are blaming farmers .... WTF ??

[furrowtickler]

It is up to producers to make sure they are covered. Producers shouldn't have signed agreements for payment later get paid on delivery. That is the way this Modern grain system was set up for self regulation.

That’s complete b/S , the pulse industry has been run like this for 30 years

[Guest]

i see there is a couple on there from montreal, so this could possibly make the liberal news
150 million , f#$ken mind boggling
I'm sure there were no signs to the people that were supposed to be watching this shit
just farmers owed to mostly, no big deal to a libard or even this bunch in regina

[malleefarmer]

You guys have nothing like this https://www.ppsr.gov.au/ind-farming-and-agriculture https://www.ppsr.gov.au/ind-farming-and-agriculture

or this https://www.graintrade.org.au/ https://www.graintrade.org.au/

[walterm]

That’s complete b/S , the pulse industry has been run like this for 30 years

Exactly it operated with the Office of Ass't Commissioners in place because they were on top of every issue as it arose and got it dealt with before anyone got hurt. As soon as those chairs weren't filled and office done away with we started having issues.

[highwayman]

Where does one go to find the list of creditors