Producers to be paid out 75 per cent on claims against Global Food and Ingredients

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Published: October 21, 2024

File photo of a lentil crop before harvest in Saskatchewan. (Bobloblaw/iStock/Getty Images)

Producers who weren’t paid for deliveries to Global Food and Ingredients Inc. (GFI) will be paid 75 cents on the dollar for their claims the Canadian Grain Commission (CGC) said today.

The CGC is also working with GFI’s receiver to realize on proceeds from the sale of the company’s grain inventory. Those with outstanding elevator receipts may receive a portion of the funds once the receivership is concluded.

GFI, headquartered in Toronto, was a plant-based and plant protein company with sites in Saskatchewan. It purchased peas, lentils, chickpeas and other high-protein crops.

The company announced in May it would wind down operations as it couldn’t service its debts. In a May news release, the company blamed “recent macro-economic events” that made obtaining ingredients difficult and led to a decline in revenue.

The CGC said it received 29 eligible claimes totalling $2.661 million for unpaid deliveries to GFI. The company had $2 million in security, so the individual payments will be prorated. Cheques have been mailed to producers, the commission said.

About the author

Geralyn Wichers

Geralyn Wichers

Digital editor, news and national affairs

Geralyn graduated from Red River College's Creative Communications program in 2019 and launched directly into agricultural journalism with the Manitoba Co-operator. Her enterprising, colourful reporting has earned awards such as the Dick Beamish award for current affairs feature writing and a Canadian Online Publishing Award, and in 2023 she represented Canada in the International Federation of Agricultural Journalists' Alltech Young Leaders Program. Geralyn is a co-host of the Armchair Anabaptist podcast, cat lover, and thrift store connoisseur.

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