AFSC creates ‘salvage grade’ for spring-harvested crops

A canola swath sits idle in a field in November 2019.
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Agriculture Financial Services Corporation has created a ‘salvage’ grade factor for 2019 crops harvested this spring.

The grade was created following a survey of buyers to determine a range of prices at which crops are trading. If the grain is of lower quality than normal grade factors account for, the salvage factor provides an assessment that reflects the extraordinary conditions of the spring-threshed crop.

For 2019 insured crops that are spring combined and are being sold for prices lower than what the low-end grade factor reflects, AFSC has widened the acceptance of sales tickets to include buyers who are not licensed by the Canadian Grain Commission as long as the transaction is ‘arm’s length.’

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