CGC 14% of Claims Against Naber
WINNIPEG - Aug 31/16 - SNS -- The Canadian Grain Commission says farmer who did not receive payment for grain delivered to Naber Specialty Grains Ltd. have been issued payments for their eligible claims through the Canadian Grain Commissions Payment Protection Program.
In June 2016, producers were invited to make claims against the $150,000 security posted by Naber Specialty Grains Ltd. The 26 eligible producers made claims totalling $1,055,927. Eligible claims represent the value of regulated grains delivered to Naber Specialty Grains Ltd. for which a primary elevator receipt has been issued to producers within the 90 days prior to May 9, 2015. Unfortunately, payments for claims made against the security posted cover only 14.2% of these claims.
Naber Specialty Grains Ltd. was licensed by the Canadian Grain Commission to operate a primary grain elevator in Melfort, Saskatchewan until May 8, 2015. It was placed into receivership on June 18, 2015 leaving unsatisfied obligations.
As this matter has been referred to the Royal Canadian Mounted Police for investigation, the Canadian Grain Commission will not be commenting further at this time.
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