Licensed and bonded does not always help
In his column about grain companies on page 11 of the Sept. 5 issue, Kevin Hursh wrote: “Make sure they are licensed and bonded.”
Previously we had lost money with a company who was bankrupt but the bond was so low anyone could see the result would not return money to us.
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Fast forward to another time we were thinking of selling grain to a company that was new to us. In trying to do our due diligence, we asked the company if they were bonded and if so, what was the amount of the bond? They replied that it was private and would not disclose the amount.
Then we contacted the Canadian Grain Commission and asked the same question: “What was the amount of the bond?” They too would not tell us the amount.
Based on our prior experience, we did not sell to them.
Being licensed and bonded is useless if the bond is inadequate.
Linda Gatez,
Crossfield, Alta.
