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SOURCE Canadian Grain Commission
WINNIPEG, Oct. 7, 2013 /CNW/ - On October 5, 2013, changes to the Canadian Grain Commission's producer payment protection model and regulations were published in the Canada Gazette, Part I and are available online at www.gazette.gc.ca.
All stakeholders, including licensees, farmers, farm groups and industry associations, are invited to submit their feedback on the amended regulations until November 4, 2013.
These changes are a result of amendments made to the Canada Grain Act as part of the Jobs and Growth Act, 2012. They propose to implement an insurance-based security model for producer payment protection. This model is expected to reduce the overall cost of producer payment protection coverage to the grain industry.
The objectives of the proposed regulations are to:
Under the proposed new model, producers would continue to be protected against non-payment for their eligible grain deliveries. Coverage will continue under the current individual security-based payment protection model until the new proposed model takes effect.
About the Canadian Grain Commission
The Canadian Grain Commission is the federal agency responsible for establishing and maintaining Canada's grain quality standards. Its programs result in shipments of grain that consistently meet specifications for quality, safety and quantity. The Canadian Grain Commission regulates the grain industry to protect producers' rights and ensure the integrity of grain transactions.
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