Direct Market Remittance Report (Wheat) Licence Fees must be remitted and received by the 15th of the month following purchase from the producer. To ensure credit to your account, please complete this form: (2011 Form) (2012 Form)
Direct Market Producer Settlement Form Dealers can use this form to manually report direct market wheat settlements. Dealers who are computerized may submit computer printouts or copies of producer receipts. A Quick Reference Guide is available to help explain the process. Download form.
Monthly Report of Fees on Corn / Soybean Purchases
An example of how this form is filled out is available here: Sample Monthly Report. Blank forms can be downloaded here: (2011-pdf) (2011-xls) (2012-pdf) (2012.xls-03) (2012.xls-10).
Grain Farmers of Ontario has the power to negotiate the terms and conditions of sale for corn or soybeans produced in Ontario but does not physically buy or sell the crop. Grain Farmers of Ontario is financed by licence fees, which are deducted from the producer by the dealer at the time that the producer sells his or her commodity.
Ownership of corn or soybeans remains with the producer while the corn or soybeans are in storage, until the producer sells his/her corn or soybeans to a dealer and obtains payment. A dealer who purchases corn or soybeans may then resell them to a processor, broker, export market, for seed or other purposes.
- Board Regulations
Regulations require a Dealer’s Monthly Report to be filed with Grain Farmers of Ontario by the 15th day of each month for the previous month’s producer marketing.
If no corn or soybeans are marketed during the month, a NIL report must be submitted to the board.
Dealers who are computerized may submit computer printouts or individual copies of producer receipts, along with the Monthly Report form as a summary page, to be signed by the dealer.
- Licence Fees
For the 2012 Crop Year the fee is $0.42/mT for corn, $1.42/mT for soybeans and $0.79/mT for wheat. The licence fee is deducted from the producer by the dealer and remitted to the Grain Farmers of Ontario with the Dealer Monthly Report. The licence fee should be calculated on total tonnes sold by the producer, taken to the third decimal point. A penalty of 2% per month will be assessed against dealers who are late in submitting licence fees to the Board.
- Harmonized Sales Tax (HST)
Deductions are required at the rate of 13% on the total board fees. Grain Farmers of Ontario HST Registration number is 82972 7064 RT0001.
Example: 40.764 x 1.42 = $57.88
HST (13% x 57.88) = 7.52