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.
According to a report at AGCanada.com, the CGC announced Monday that 222 eligible unpaid growers will receive a total of $11.146 million covered by the security ILTA posted before it was put under creditor protection last July.
Since it entered creditor protection, ILTA’s crop handling and processing facilities have been sold off to assorted buyers, starting with Viterra, which bought the ILTA pulse facility at Belle Plaine, SK, in August.
