Resolution

WHEREAS the Canadian Grain Commission (CGC) has accumulated a surplus of funds from the collection of inspection fees in excess of its operating budget;

WHEREAS the present bond-based system of payment protection is not adequately protecting producers from payment default;

BE IT RESOLVED That the Canada Grain Act Review recommend that the CGC surplus funds be made available, as a grant or loan, to kickstart the creation of a self-insurance fund to replace the bond-based system and that the federal government augment the initial funds to ensure the insurance fund is sustainable and capable of providing low-cost protection against payment default.