Canadian Grain Commission
Producers who were not paid for grain delivered to LSM Grain Ltd. will be fully compensated for their eligible claims through the Canadian Grain Commission's Safeguards for Grain Farmers Program.
The Canadian Grain Commission revoked the grain dealer licence of LSM Grain Ltd. on July 23, 2024. Following a review of individual producer claims, the Canadian Grain Commission determined that there were 9 eligible claims totalling over $395,000 for unpaid deliveries to LSM Grain Ltd. Producers with eligible claims will receive 100% compensation from the company's $2 million security.
The Canadian Grain Commission also received 17 claims that can not be compensated because the deliveries fell outside of the 90-day eligibility period
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