April 12, 2017
Statement from Grain Growers of Canada re: consultation on Cash Ticket Deferrals
April 12, 2017 (OTTAWA) – The Grain Growers of Canada (GGC) supports maintaining the current cash ticket deferral option available for grains as an important and integrated business financial tool. It is used by grain farmers to manage cash flow and balance their income from one year to the next.
Grain farmers in Canada operate in a highly cyclical industry. In addition to price fluctuations they must also manage weather impacts and inconsistencies in grain transportation. The cash ticket deferral is a valuable tool that helps farmers manage all these risks. GGC will work with its member groups to gather factual information and convey the importance of retaining this essential and widely used tax measure for farmers to the Government of Canada.
– Jeff Nielsen, President, Grain Growers of Canada