Most farmers still owed money by the bankrupt Ilta Grain will receive full payment for grain sold to the company before it went into receivership.
Ilta, which owned a Belle Plaine processing buying facility, went into receivership last July.
Farmers will be paid under a Canadian Grain Commission program to guard against dealer losses.
A court document filed by PricewaterhouseCoopers, the monitor in this matter, showed farmers are owed $13.75 million, but not all farmers are eligible for payments from the commission program.
About $2.1 million owed canary seeds farmers will not be paid as canary seed is not an eligible crop under the grain commission act.
Another $646,000 related to postdated cheques is also ineligible.
That leaves just over $11 million for the commission program to cover.
The Belle Plaine plant was acquired by Viterra during the process of selling Ilta assets to try and recover cash to offset $148 million debt.
Ron Walter can be reached at [email protected]
