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Farmers to be paid for ILTA Grain deliveries

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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 […] Read more
Crops, Pulses

ILTA Grain security payout to be CGC’s biggest ever

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An insurance policy set up for demised Prairie pulse exporter ILTA Grain will pay, in full, what’s owed to over 200 growers who supplied the company, according to the Canadian Grain Commission. The CGC announced Monday that 222 eligible unpaid growers will receive a total of $11.146 million covered by the security ILTA posted before […] Read more
Crops, Pulses

Viterra to buy ILTA Grain pulse processing plant

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Creditor-protected Prairie pulse processor and exporter ILTA Grain is set to sell a next-to-new southern Saskatchewan facility to one of Canada’s biggest grain firms. Glencore Agriculture’s Viterra arm said Tuesday it has signed a purchase deal for the assets of ILTA’s processing facility at Belle Plaine, Sask., about 25 km east of Moose Jaw. Financial […] Read more
Crops

ILTA Grain escrow fund set up for unpaid farmers

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Farmers who delivered to Prairie pulse and grain processor ILTA Grain but didn’t get paid before the company went into creditor protection are being asked to “immediately” get in touch with the Canadian Grain Commission. The CGC late Wednesday announced it has reached an agreement with the company’s court-appointed monitor for a new escrow account, […] Read more
Crops, Pulses

Grain Commission suspends ILTA Grain’s licenses

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Farmers owed money for grain delivered to ILTA Grain Inc. should call the Canadian Grain Commission (CGC). The CGC on Thursday suspended the Surrey, B.C.-based company’s grain dealer’s license and its primary grain elevator licenses for elevators at Belle Plaine and Saskatoon, Sask., Remi Gosselin, the CGC’s manager of corporate information services, said in an […] Read more
Crops, Pulses

Pulse exporter ILTA Grain under creditor protection

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Corrected, July 11 — MarketsFarm — B.C.- based pulse exporter ILTA Grain, which operates pulse handling and processing facilities in Saskatchewan, has been granted creditor protection by that province’s Supreme Court. “The decision to file for (Companies’ Creditors Arrangement Act protection) was made after careful consideration and in our view, is a necessary step for […] Read more

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