By Alice McFarlane

Agriculture Roundup for Thursday May 13, 2021

May 13, 2021 | 10:09 AM

MELFORT, Sask. — W.A. Grain & Pulse Solutions has been placed into receivership. Court ordered receiver BDO Canada will manage business operations.

The Canadian Grain Commission (CGC) said new licenses have be issued to W.A. Grain so the receiver can sell grain inventory on the condition proceeds are placed in a trust account to satisfy producers who are owed money.

CGC spokesperson Remi Gosselin said as part of its licensing conditions W.A. Grain is prohibited from receiving grain, purchasing grain, or incurring any liabilities to producers as well as contracting new grain sales.

Gosselin said it is estimated 100 to 120 Saskatchewan and Alberta producers have been affected.

CGC has been advising farmers that may be owed money to contact the commission immediately.

High School Football

Carlton, St. Mary hit the road for Week 4 in NSFL

20m ago

Election 2024

Moe makes campaign stop in P.A. to talk tax benefits

2h ago

Election 2024

Corrections officer running again in Ward 1

9h ago

The company, which is based out of Innisfail, Alta. has primary elevator licences in Bashaw and Bowden as well as in Saskatchewan with locations in Pambrun, Ponteix, and Vanguard.

–

The Saskatchewan government will open an additional four new trade offices.

The offices will be located in London, Dubai, Mexico City and Ho Chi Minh City.

Agriculture minister David Marit said the trade offices will help farmers expand and diversify agriculture markets.

The provincial government announced last year it would set up trade offices in Singapore, Japan and India.

–

Genesis Fertilizers is looking for farmer-investors to establish fertilizer production plant and distribution facilities across Western Canada.

Now that construction of the SuperCenter at Belle Plaine, Sask. is moving forward, Genesis Fertilizers is focusing its efforts to raise capital in the next phase through the design, development, and construction of a fertilizer production plant.

This would be the first greenfield urea plant built in Canada since 1992.

Genesis CEO Jason Mann said farmers in Western Canada pay more for nitrogen fertilizer than anyone in North America, yet they farm in an area where it costs the least to manufacture.

“We are extremely proud to announce the beginning of the $400,000,000 capital raise of which our goal is to build what can only be called a game-changer in Canadian agriculture,” Mann said in a news release.

Potential locations are being considered in Alberta, Saskatchewan, and Manitoba.

–

alice.mcfarlane@pattisonmedia.com

On Twitter: @farmnewsNOW