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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
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
G3 CEO Karl Gerrand.
Cereals, Crops

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

By
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
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
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
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)
Crops, Markets

Not much interest in Glencore ag assets at grain firm G3

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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
(Dave Bedard photo)
Crops, Markets

Glencore reported in talks on agriculture assets

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Reuters — Glencore is in talks with a Saudi Arabian sovereign wealth fund and China’s state-backed grain trader COFCO, along with Canadian pension funds, to sell a stake in its agricultural assets, sources familiar with the matter told Reuters. Selling assets is one prong of a wider strategy by the Swiss-based trader and miner to
cwb sign outside building
Crops, Editorial

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

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

By
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
G3’s Karl Gerrand, CWB CEO Ian White, Agriculture Minister Gerry Ritz and CWB chief strategy officer Dayna Spiring (from left) announce G3’s $250 million plan to take a majority stake in CWB. (Dave Bedard photo)
Crops, Markets

Bunge, Saudi Arabia to buy control of CWB

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Agribusiness giant Bunge and the Saudi Arabian government’s ag investment arm are the joint “successful acquirer” of the former Canadian Wheat Board. Bunge Canada and SALIC Canada, an arm of the Saudi Agricultural and Livestock Investment Co., on Wednesday announced their new Winnipeg-based joint venture, G3 Global Grain Group, will pay $250 million to CWB

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