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Lawsuit alleges farmers short changed $151 million as CWB wound down

According to a statement of claim $145 million was transferred from the CWB’s pool accounts to its contingency fund

By Allan Dawson April 24, 2017

As the Canadian Wheat Board wound down farmers were wrongly shortchanged by a decisions that helped fund its transition into a privately-held company, legal documents allege. The former Conservative government wrongly allowed the transfer of $151 million that should have gone to farmers who delivered CWB grains during the 2010-11 and 2011-12 crop years, Brookdale,

Crops

New lawsuit claims CWB kept $145 million of farmers’ money

By GFM Network News, Manitoba Co-operator Staff April 24, 2017

Brookdale Manitoba farmer Andrew Dennis has filed a statement of claim in the Manitoba Court of Queens Bench claiming the now-defunct Canadian Wheat Board (CWB) withheld money owed to farmers to help finance its transition to a private grain company. Dennis is seeking certification of a class action lawsuit on behalf of all farmers who

Crops

Tax treatment of deferred grain cash tickets under review

By GFM Network News, Manitoba Co-operator Staff March 24, 2017

Grain growers in Canada who take deferred cash purchase tickets for crops are being asked whether it’s time to get rid of the rule that allows income from those tickets to be put off to the following tax year. Tucked into federal Finance Minister Bill Morneau’s budget on Wednesday was an announcement of public consultation,

Southwestern Saskatchewan MP David Anderson (centre), shown here last year visiting Agriculture and Agri-Food Canada’s research facility at Swift Current, is the federal Tories’ new agriculture critic. (DavidAnderson.ca)

Crops

Anderson named federal Tories’ ag critic in shuffle

By GFM Network News, Manitoba Co-operator Staff September 15, 2016

A vocal critic of the former Canadian Wheat Board single marketing desk for Prairie wheat and barley is now the lead agriculture critic in Her Majesty’s Loyal Opposition. David Anderson, the MP for the southwestern Saskatchewan riding of Cypress Hills-Grasslands since 2000, was named Thursday as the Conservatives’ critic for agriculture and agri-food by interim Tory

Crops, Markets

Saudi Arabia boosts stake in G3 Canada

By GFM Network News, Rod Nickel June 17, 2016

Winnipeg | Reuters — Saudi Arabia’s agriculture company has taken control of the majority investor in grain handler G3 Canada Ltd., according to a filing, reducing Bunge Ltd.’s stake and strengthening the kingdom’s efforts to secure food supplies. G3 Global Holdings, the joint venture of U.S. agribusiness Bunge and Saudi Agricultural and Livestock Investment Co.

Crops

Red pens come out for postmortem report on CWB era

By GFM Network News, Manitoba Co-operator Staff April 16, 2016

A researcher working for a group calling for the return of single desk marketing misinterpreted data in former Canadian Wheat Board annual reports to conclude the board paid lower rates for shipping grain. Several sources, including a former Canadian Wheat Board director, say University of Saskatchewan Ph.D. candidate Laura Larsen used an inaccurate comparison in

Crops, Markets

Post-CWB review flags grain trade ‘inefficiency’

By GFM Network News, Manitoba Co-operator Staff April 13, 2016

WITHDRAWN, April 15, 2016: A historian’s review of the Prairie grain trade, commissioned by supporters of the former single marketing desk for wheat and barley, suggests history is repeating itself at grain growers’ expense — but the data on which the review is based is now being questioned. The Canadian Wheat Board Alliance on Wednesday released a

Concrete is poured in May for a grain terminal now owned by G3 Grain. Farmer deliveries in September reached their highest level in records since 2001. (CWB.ca)

Crops, Markets

Prairie farmers seek answers to the $6.5 billion question

By GFM Network News, Phil Franz-Warkentin February 22, 2016

CNS Canada –– The Canadian Wheat Board single desk has now been gone for 3 1/2 years, but there are still some in the Prairie farming community who would like to see it brought back. Whether that’s actually possible is a question for another time — but the data being used to make the case

G3 CEO Karl Gerrand was interviewed by Manitoba Co-operator editor Laura Rance during the Cereals of North America meeting  in Winnipeg Nov. 3.

Crops, News

G3 boss lays out strategy for new company’s success

Karl Gerrand also calls for continued government-funded agricultural  research and grain quality control

By Allan Dawson November 13, 2015

Patient capital and faster grain handling will help G3 squeeze into a mature, tight marketplace, says Karl Gerrand, chief executive officer of Western Canada’s newest grain company. “Our vision is to create an enterprise that focuses on high-efficiency movement,” Gerrand told Manitoba Co-operator editor Laura Rance Nov. 3 on stage at the Cereals North America

News

CWB sale to be scrutinized by new Liberal government

But veteran MP Ralph Goodale says the wheat board’s monopoly won’t be restored

By Allan Dawson November 5, 2015

The Canadian Wheat Board (CWB) won’t be restored under the new Liberal government, but farmers could finally see its books, kept secret since the government removed its marketing monopoly in 2012. “A number of farmers has raised the question and said the numbers just don’t add up,” Saskatchewan MP and former agriculture minister Ralph Goodale

Daily Network News

U.S. livestock: Cattle, hog futures rise on first WASDE since September

U.S. export sales include only small soybean business to China

U.S. corn and soybean yields revised down by USDA

Tag Archives CWB

Lawsuit alleges farmers short changed $151 million as CWB wound down

New lawsuit claims CWB kept $145 million of farmers’ money

Tax treatment of deferred grain cash tickets under review

Anderson named federal Tories’ ag critic in shuffle

Saudi Arabia boosts stake in G3 Canada

Red pens come out for postmortem report on CWB era

Post-CWB review flags grain trade ‘inefficiency’

Prairie farmers seek answers to the $6.5 billion question

G3 boss lays out strategy for new company’s success

CWB sale to be scrutinized by new Liberal government

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