The Canadian Grain Commission has a $130-million dollar surplus and announced plans to invest that money.
They plan to create a $40-million contingency fund to protect itself against future declines in delivery volumes, and invest the remaining $90-million in grain quality assurance and strengthening safeguards.
However Canadian farmers claim they were overcharged on handling fees and won’t see any of the surplus come their way.
The Western Canadian Wheat Growers Association say they are outraged at the overcharge and surplus, and its chair Jim Wickett proposes finding more cost-effective ways to provide the services of the Grain Commission.
President of the Grain Growers of Canada Jeff Nielsen says the best way to eliminate that surplus is to drastically reduce fees until it gets to the point where it’s depleted.
But a commission spokesperson says the Canada Grain Act does not allow them to refund the fees because the majority of what the commission receives in fee revenue comes from the grain companies, not producers.