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    #101
    Originally posted by sumdumguy View Post
    Well, it actually is working, you(the buyer) go over your bond and the license is pulled. The Grain Commission sees to it that the licensee is complying and that producers are almost if not totally covered. How is insurance different? Maybe I am missing something here?
    Every licenced grain buyer receivership I'm familiar with left people hanging. I was lucky to get 50% of what WA owed me.

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      #102
      As far as I am concerned, when CGC allows operation and assures farmers that they are secured, CGC should be on the hook for the payment in full, not just to the extent of the bond.
      • Likes 1

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        #103
        Originally posted by sumdumguy View Post
        As far as I am concerned, when CGC allows operation and assures farmers that they are secured, CGC should be on the hook for the payment in full, not just to the extent of the bond.
        I think they have tightened up their monitoring of licensees in the last 4 or 5 years. Less situations of the bond being short of coverage.

        But I agree, if they are monitoring the bonds and there is a shortfall they should cover it.

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          #104
          I feel the CGC is expensive enough already. If you're suggesting a complete revamp I'd support that discussion.
          Not for their current mandate to be on the hook for millions more. You're paying for that too by the way.

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            #105
            Originally posted by blackpowder View Post
            Not for their current mandate to be on the hook for millions more. You're paying for that too by the way.
            That is the fact that is missed by all the demands that something must be done.
            At the end of the day there is only one taxpayer, or in this case, producer who ends up paying for it one way or the other.

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              #106
              Originally posted by blackpowder View Post
              I feel the CGC is expensive enough already. If you're suggesting a complete revamp I'd support that discussion.
              Not for their current mandate to be on the hook for millions more. You're paying for that too by the way.
              Currently the bonding system is monitored by CGC. In the past you could hardly call it monitoring.

              Essentially they would have very little to payout if they did their job.

              But that is government for you.
              • Likes 1

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