Farms.com Home  › News

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.

Click here to see more...

Trending Video

Soybean Demand, Corn Risk and Growing Ethanol Exports – Market Plus

Video: Soybean Demand, Corn Risk and Growing Ethanol Exports – Market Plus

Mike Castle joins Arlan Suderman to look beyond this week’s market moves. They discuss downside risk in corn, tight soybean supplies and growing domestic crush demand, why end users may need to rethink just-in-time buying, and how global energy costs are creating new opportunities for U.S. ethanol exports.