Eligible producers who were not paid for grain delivered to ILTA Grain Inc. will be fully compensated through the Canadian Grain Commission’s Safeguards for Grain Farmers Program.
The Saskatchewan-based pulse and canary seed buyer and exporter was put under creditor protection in July, defaulting on amounts owed to grain farmers for unpaid deliveries.
The grain commission subsequently assessed 271 individual claims from producers, the largest number ever received against a company’s security.
Of those, 222 were deemed eligible for compensation, with more than $11 million being paid out. These claims are fully covered by the security posted by ILTA Grain under the terms of its licences.