The former CWB building in Winnipeg.

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

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,



A rendering of G3’s proposed grain terminal and loop track for Port Metro Vancouver. (G3.ca)

G3 to proceed with port grain terminal at Vancouver

Winnipeg | Reuters — Canada’s G3 Global Holdings will build a grain terminal at Port Metro Vancouver by 2020, increasing the flow of wheat and canola to Asia and Latin America, the company said on Wednesday. The Winnipeg-based partnership of Saudi Arabian agriculture company SALIC and U.S. grain handler Bunge Ltd/ had been considering the


A rendering of what G3’s proposed Vancouver grain terminal on the north shore of Burrard Inlet, will look like, if the project goes ahead. While G3 has most of the necessary permits for the project, there are still many details to work out before G3’s board of directors decides to start construction, says G3 official Brett Malkoske.

A look at G3’s proposed new Vancouver grain terminal

A spiral track would allow trains to arrive on site, ease congestion elsewhere, 
and unload intact before returning to the Prairies

G3’s proposed Vancouver grain terminal will be the most efficient in North America and maybe the world, Doug MacDonald told Prairie farm leaders touring the port Nov. 15. CN’s vice-president of bulk commodities made the comment as the group’s boat cruised by the Lynnterm break bulk terminal on the north shore of Burrard Inlet, where

(Dave Bedard photo)

Saudi Arabia boosts stake in G3 Canada

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.






G3 CEO Karl Gerrand.

G3 partner SALIC part of Saudi plan to save water and import grain

The Saudi Agricultural Livestock Investment Corporation (SALIC), which has joined forces with Bunge to create G3, is an investment arm of Saudi Kingdom, G3 CEO Karl Gerrand said during the Cereals of North America meeting in Winnipeg Nov. 3. “They (Saudi Arabia) wanted to invest in infrastructure around the world that promotes the movement of