Mr. Speaker, in Bill C-30, the government seeks to regulate contracts between farmers and grain companies, but it is not clear what kind of regulation. They should in fact table the draft regulations.
One problem is the so-called basis calculation, meaning how grain companies discount world prices to set the actual Prairie price paid to farmers. Farmers call this deduction “tookage”, and it has never been bigger than it is today.
Would Bill C-30 force transparency and put some limits on this grain company cash grab that is gobbling up about half of the farmers' price?