Agricorp delivers the Grain Financial Protection Program on behalf of the Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA).
The program protects the financial interests of Ontario producers of grain corn, soybeans, canola, and wheat who sell their crop to licensed dealers. It also protects producers who store grains and oilseeds with licensed elevator operators.
Agricorp licenses 264 grain dealers and 337 elevator operators in 337 locations across Ontario. Annual grain sales covered by the program are in excess of $1.1 billion dollars.
As a producer dealing with a licensed grain dealer or elevator operator, you should:
- Receive weigh tickets or grain receiving vouchers for each load delivered
- Receive your cheque within 10 trading days, for a cash or contract sale
- Receive your cheque the next trading day, if the sale is out of storage
- Receive 75 percent of the market price within the above timeframe when selling on a basis contract
- Not agree to extend the time on which payment becomes due
- Cash your cheque within 5 banking days of receipt
- Receive your grain storage receipt within 45 days of delivery or within 5 days, if requested
- Ensure the expiration date, charges, or other agreements are filled in on your grain storage receipt and signed by the elevator operator.
If you do not receive these services within the appropriate timeframe, please contact Agricorp.
Questions?
If you have any questions or concerns, please call Agricorp's Call Centre toll free between 7 a.m. and 5 p.m., Monday to Friday at 1-888-247-4999 or email .
