Farmaholic,
The cost of producer security is ALREADY in the basis
now today... for Licensed and Bonded
dealers/elevators under the Canada Grain Act. My
understanding is the new insurance producer security
program is an alternative to the CGC system... for
growers to use with security approved (by the six
insurance co's) who approve grain buyers... that are
not Licensed under the CG Act.
Will be great to see the program roll out in the next
few weeks I am told.
The cost of producer security is ALREADY in the basis
now today... for Licensed and Bonded
dealers/elevators under the Canada Grain Act. My
understanding is the new insurance producer security
program is an alternative to the CGC system... for
growers to use with security approved (by the six
insurance co's) who approve grain buyers... that are
not Licensed under the CG Act.
Will be great to see the program roll out in the next
few weeks I am told.
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