Performance AG Group

Performance AG Group, a Calmar, Alberta-based supplier of crop input products, was adjudged bankrupt on August 1 on application by Farm Credit Canada. Pursuant to an agreement with FCC, customers could purchase their supplies from the company and have the amount owing added to their crop input loan with FCC. The company would then receive payment directly from FCC. Recently, FCC has learned that in several instances, customers have indicated that amounts were added to their loan for purchases they did not make or agree to. It appears that other customers have also been subject to the same issue with Scotia Bank and BMO. The Bowra Group was appointed bankruptcy trustee. Miller Thomson is counsel for the applicant.