Some Prairie farmers calling for the Canadian Wheat Board to be re-established

SWAN RIVER, Man. -- Some Prairie farmers are not giving up their fight for the Canadian Wheat Board.

A group of producers from parts of Manitoba and Saskatchewan wants the federal government to bring back the board and its single desk for selling wheat and barley.

See Full Article

The Canadian Wheat Board Alliance says the former Conservative government made a mistake when it privatized the board and sold it to the G3 Global Grain Group.

Kyle Korneychuk, an alliance spokesman, says the privatization has cost farmers money and thousands of people their jobs.

Manitoba Agriculture Minister Ron Kostyshyn says he is very concerned about the financial situation of farmers since the loss of the wheat board.

Alliance members also wonder what will happen to the Port of Churchill in northern Manitoba when short-term federal subsidies end next year.

Korneychuk said the wheat board did a good job of co-ordinating the movement of grain from farms via rail to port, then overseas markets.

"It allowed us to return almost the full value of the world price to farmers," he said in a release.

"Farmers only paid for the CWB's operating expenses but now they pay for the private trade's operating expenses and the profits to foreign shareholders and grain company owners."

The federal government announced in April 2015 that G3, which is partly owned by Saudi Arabia, would buy 50.1 per cent of the board for $250 million.

It said the rest would be kept in trust for grain farmers.

The Conservative government at the time said the sale would help modernize Canada's grain sector to stimulate investment and create jobs.

G3 has said it is a Canadian company run by Canadians who are interested in building a long-term relationship with farmers.

Prairie farmers going as far back as 1935 used to sell their wheat and barley to the board, which in turn exported it to foreign markets.



Advertisements

Latest Economic News

  • Canada can end dairy trade dispute with U.S. by ending pricing irritant: Saputo

    Economic CTV News
    MONTREAL -- Canada can preserve its dairy supply management system and resolve its trade dispute with the United States over dairy subsidies by ending its domestic milk ingredient pricing system, the head of Canada's largest dairy processor said Monday. Source
  • Company appeals Churchill rail ruling in year-long attempt to restore service

    Economic CTV News
    WINNIPEG -- The company that owns a broken rail line into Churchill, Man., says it is appealing a federal regulatory ruling that requires it to repair the track. Hudson Bay Railway Co. was ordered last week by the Canadian Transportation Agency to immediately begin repairs to the track, which is the only land link to the subarctic community of 900 people. Source
  • Quarter of seafood sold in Metro Vancouver is mislabelled: researchers

    Economic CTV News
    VANCOUVER -- A new study shows that up to a quarter of the seafood sold in Metro Vancouver is mislabelled, with tilapia masquerading as snapper and catfish passing as cod. Researchers at the University of British Columbia collected 281 samples of fish and other seafood from restaurants and grocery stores, then tested the DNA to determine the true species. Source
  • Saputo urges end to milk ingredients pricing system opposed by U.S.

    Economic CBC News
    Saputo Inc., one of Canada's largest dairy companies, wants to end a domestic milk ingredient pricing system that has angered the United States, chief executive Lino Saputo Jr. said on Monday, showing a rare crack in solidarity among processors and the country's sheltered dairy farmers. Source
  • Proposed class-action lawsuits filed against Bank of Montreal, CIBC's Simplii

    Economic CTV News
    TORONTO -- Proposed class-action lawsuits have been filed against Bank of Montreal and CIBC's direct banking division Simplii Financial over recently disclosed cybersecurity breaches impacting up to 90,000 customers. Law firms Siskinds LLP and JSS Barristers say they have filed the proposed class actions against the two Canadian banks in the Ontario Superior Court of Justice, alleging the institutions failed to establish robust security measures to protect clients' sensitive information. Source
  • South Korea joins Japan in halting Canadian wheat imports after GMO plants found

    Economic CTV News
    CALGARY -- South Korea has joined Japan in suspending trade in Canadian wheat following the discovery of genetically modified plants in southern Alberta. Global Affairs spokesman Jesse Wilson says it's standard protocol in both countries to temporarily close markets in such cases. Source
  • Volvo sets goal of 25% recycled plastics in cars from 2025

    Economic CBC News
    At least 25 per cent of the plastics used in new Volvo car models from 2025 will be from recycled materials, the Chinese-owned company said on Monday in an anti-pollution plan praised by the United Nations. Source
  • Magna plans electric vehicle joint ventures with Chinese company

    Economic CBC News
    Magna International Inc. says it will form two new joint ventures with a Chinese company to engineer and build electric vehicles. The Ontario-based auto parts company and Beijing Electric Vehicle Co. Ltd., a subsidiary of the BAIC Group, are expected to take over an existing BAIC manufacturing facility where the first production vehicles are planned for 2020. Source
  • Morneau didn't break conflict law introducing pension bill: ethics watchdog

    Economic CBC News
    Finance Minister Bill Morneau wasn't in a conflict of interest when he introduced a pension bill in the House of Commons while he still owned shares in his family's pension services company, according to the ethics commissioner. Source
  • Baytex Energy and Raging River Exploration sign $2.8B merger deal

    Economic CBC News
    Baytex Energy Corp. and Raging River Exploration Inc. have signed a $2.8-billion deal to merge in a bid to boost the companies' East Duvernay Shale operations in Alberta. The combined company, which will operate under the Baytex name, is expected to have production of approximately 94,000 barrels of oil equivalent per day from a diverse portfolio of oil assets that includes the Viking, Peace River, Lloydminster and East Duvernay Shale regions in Canada and the Eagle Ford region in Texas. Source