Canadian farmers are suffering financial losses as several grain companies declare bankruptcy amid ongoing drought and low commodity prices. Farmers like Bill Prybylski are left unpaid, exposing flaws in Canada’s grain safety net. Many firms were unlicensed or underinsured, and delays in reporting missed payments disqualify some for compensation. Crop insurance claims have surged, and some farmers may quit. The Canadian Grain Commission is reviewing its system after overseeing a record number of failures in 2024.
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