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Ottawa-All party support in the Commons for a bill to provide fresh fruit and vegetable growers with financial protection when buyers of their products go bankrupt has been welcomed by producers.
It is “a crucial step forward in ensuring the financial security of the fruit and vegetable sector,” the groups said. It would create establish a deemed trust, a vital financial protection mechanism for fresh produce sellers in Canada that will help secure payment in the event of buyer bankruptcy. This will provide stability and support to the industry while safeguarding Canadian food security.
CPMA President Ron Lemaire said, “The significance of this legislation for the fresh produce industry cannot be overstated. As we proceed to the committee stage, we eagerly anticipate further deliberations on the topic of financial protection for fresh produce sellers. We are optimistic about a future where the fresh produce sector thrives through a robust financial protection mechanism, fortifying the sector and ensuring enhanced food security for all Canadians.
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