YORKTON, Sask. – Saskatchewan’s cattle producers will investigate the establishment of an assurance policy to protect producers in the event an auction mart defaults on its payments.
A resolution passed by the Saskatchewan Stock Growers Association at its convention last week grew out of the recent financial problems at Arcola Livestock Sales.
SSGA member Ross Madsen of Redvers is one of the producers still owed money by the Arcola business.
He said there should be some protection in place and noted the SSGA looked into it several years ago.
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“The government would not back us up at that time, but you’re going to need to underwrite it until it’s established,” he said.
Executive members said the resolution does not commit the organization to establishing a fund, but simply calls for an examination of how it would work.
Executive elections
Meanwhile, the entire executive committee was re-elected. Marilyn Jahnke of Gouldtown will serve a second year as president. Brian Ross of Estevan is first vice-president, Dennis Fuglerud of Broderick is second vice-president and Terry Ostrander of Swift Current is finance chair.
