Producer responsibilities
- Store grain at licensed elevator operators
- Sell grain corn, soybeans, wheat and canola to licensed dealers
- Ensure that you receive weigh tickets or grain receiving vouchers for each delivery
- Ensure that you receive your grain storage receipt within 45 days of delivery, or within five days of your request
- Ensure that your grain storage receipt is signed by the elevator operator and that it shows the expiration date, charges and other agreements
- Ensure that your payment is issued on time, within 10 days for all deliveries
- Ensure your payment is issued the next day for all sales out of storage
- For “basis contracts,” ensure that your payment for 75 percent of the market price is issued within 10 days (or the next day for sales out of storage)
- Cash your cheque within five banking days
- Report all delayed payments to the underwriter for the Grain Financial Protection Program. Deferred payments may result in the denial of a claim.
Grain dealer responsibilities
- Hold and post a valid grain dealers’ licence
- Deduct check-off fees and remit to appropriate commodity associations each month
- Maintain all records for two years
- Maintain a numeric file of all weigh tickets
- Pay producers within 10 days of delivery
- Pay producers by 2 p.m. of the next day if the sale is from storage
- Pay producers 75 percent of the current market price on account, if sold on a basis or delayed price contract
- Settle the remaining 25 percent by 2 p.m. of the next day, when a contract is completed
- Comply with all terms and conditions established by the Chief Inspector
Elevator operator responsibilities
- Hold and post a valid elevator operator licence
- Issue a weigh ticket for each load of grain when crop is received
- Maintain numeric file of all weigh tickets and all grain storage receipts
- Maintain sufficient amounts of grain of each kind and grade to cover storage obligations
Issue grain storage receipts within 45 days of first delivery or five days if requested
- Maintain insurance coverage on grain to cover storage obligations
Provide safe and full access to facilities for inspection