G3 CEO Karl Gerrand, shown here in April in Winnipeg, said the company isn’t particularly interested in making a move on Glencore’s Viterra assets. (Dave Bedard photo)

Not much interest in Glencore ag assets at grain firm G3

Winnipeg | Reuters –– Grain handler G3 Canada, a joint venture between a Saudi Arabian firm and Bunge Ltd., doesn’t have much interest in bidding for a stake in rival Glencore’s agricultural business, its chief executive said Tuesday. Swiss-based Glencore, the trader and miner whose shares have been battered by the commodities slump, is looking


A terminal at the Port of Vancouver

Desire for grain price control drives G3 port plans

More port capacity will allow grain companies to widen their margins

G3 has announced it may build a new grain terminal at the West Lynn terminal on the North Shore of Vancouver’s Burrard Inlet. G3 is the joint venture of U.S.-based multinational grain company, Bunge Ltd., and the Saudi Agricultural and Livestock Investment Co. (SALIC), owned by the Saudi government. It was given the assets of



wheat heads

Farmers of North America contends its plan for privatized CWB was better than G3’s

FNA wants to work with CWB to make grain handling and fertilizer distribution more efficient for farmers

Farmers of North America (FNA) didn’t get the chance to turn CWB into a farmer-owned company, but it’s still willing to work with the new owners, officials said last week. James Mann, president of the Saskatoon-based FNA, said under its proposal farmers would have owned 100 per cent of the company, as opposed to the

cwb sign outside building

Editorial: The farmers’ (equity) trust in the CWB

The sale of the CWB to Global Grain Group leaves many new questions for Prairie farmers

The farmers’ equity component is perhaps the most puzzling aspect of last week’s announcement that CWB has been sold. We can see the advantages to the Harper government of getting the company off its books. Moving the western Canadian grain-marketing system to an open market was an election promise that came with baggage; the administration


CWB grain elevator

Newly created buyer G3 to take majority ownership of government-owned CWB

Farmers can earn equity in CWB by delivering grain but it won’t be farmer controlled

When the Canadian Wheat Board had a monopoly to market western wheat and barley, grain farmers controlled its operation. But they didn’t own it. Now farmers who deliver grain to CWB can collectively own up to 49.9 per cent through a farmers’ trust, but they will have no control and little input. Control is with