Photo: ILTA Grain
The Canadian Grain Commission (CGC) is taking unique steps to protect grain producers who have delivered to Ilta Grain Inc., reports Swift Current.
On July 8, 2019, British Columbia's Supreme Court placed ILTA Grain Inc. under creditor protection because of its financial difficulties. On July 11, 2019, the Canadian Grain Commission suspended all licences issued to ILTA Grain Inc.
The commission has negotiated the creation of an escrow account into which funds will be placed that relates to grain deliveries for which no checks have been issued. Producers may be compensated from this account.
