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This enactment establishes a licensing system and an insurance plan
for the special crops industry in Western Canada. It provides for the
licensing of all buyers of special crops and for the voluntary
participation of producers in the insurance plan which protects them
against default of payment for special crops by licensees. Outstanding
payments for standard crops will continue to be protected by security
given by standard crops dealers to the Canadian Grain Commission
(CGC).
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The major elements of the enactment are as follows:
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(a) all elevators and grain dealers that deal in special crops will be
required to be licensed by the CGC but will not be required to give
security to the CGC to cover special crops payables to producers;
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(b) an insurance plan will be established which will allow producers
to choose to secure outstanding payments for special crops;
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(c) all producers will pay a levy upon delivery of special crops to a
licensee, but may apply for a refund if not participating in the
insurance plan;
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(d) a Special Crops Advisory Committee will be established, with a
majority of its members being special crops producers;
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(e) the Canada Grain Act will be linked to the Agriculture and
Agri-food Administrative Monetary Penalties Act for enforcement
purposes; and
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(f) the Grain Futures Act will be repealed.
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