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Selling grain through an unlicensed buyer: take these steps first

Agriculture Financial Services Corporation (AFSC) defines a licensed buyer in the Contract of Insurance as a grain buyer, licensed by the Canadian Grain Commission (CGC) as a primary elevator or terminal elevator. AFSC only accepts the receipted grade on sales from buyers who have a primary elevator or a terminal elevator license from the CGC.

The Commission offers several classes of licenses, and the requirements are different for each class. The terminal elevator and primary elevator are the only two classes where licensees are required to sample upon receipt and resolve grade and dockage issues through the CGC.

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Grain Markets - Heather Ramsey

Video: Grain Markets - Heather Ramsey

Some disappointment for corn and ethanol producers this week as efforts to implement year-round e15 sales fell apart in congress last week as corn prices continued to struggle. However, soybeans did see some positive gains. Earlier this week we had the opportunity to discuss the how and why of these events with the arc group's, Heather Ramsey