If you’re younger, you may find it hard to believe that farmers used to own most of the Prairie grain and grain-processing industry and that they received part of the profits every year. If you’re older, you may know that, but wonder how that changed so quickly. And did it have to change? That’s the
Tag Archives Saskatchewan Wheat Pool
Comment: Looking back at when co-ops ruled the elevator business
A new book reveals new information on the last days of the Prairie grain co-ops
Viterra buys up all of North Dakota grain terminal
Viterra has bought up the other half of a U.S. joint-venture grain terminal the company helped build in its SaskPool days. The Regina-based grain handling arm of commodity firm Glencore announced Thursday it has closed a deal to buy U.S. food processor General Mills’ 50 per cent stake in the two companies’ grain terminal at
Carryover and low quotas lead to Chinchillas?
Our History: November, 1969
A combination of low prices and low quotas resulting from a huge Canadian and world wheat carryover in 1969 meant tough times for farmers, and this ad in our Nov. 13 issue invited them to diversify by getting into the Chinchilla ranching business. However, Saskatchewan Wheat Pool president E.K. Turner told his annual meeting that
Heaters that burn anything and farm assistance payouts
Our History: November 1960
This stock trough heater advertised in our November 3, 1960 issue could burn almost anything — straw, paper, refuse, wood or coal. A story in the Nov. 9 issue reported the final figures for payments under the Prairie Farm Assistance Act for the previous year. Payments had been higher in only four of the act’s
A river flows freely in early Manitoba spring
Our History: March 2000
A photo of water running in spring on the Assiniboine River near Brandon is not unusual, but this shot from the previous week ran in our March 9, 2000 issue. A story alongside reported that the winter had been one of the warmest on record, with widespread snow cover not showing up until December, and
Controversial wheat agreement with Great Britain is reached
Our History: November 1950
These solid oak sleighs with your choice of steel thickness were offered in our Nov. 23, 1950 issue. That was the year of the damaging flood in southern Manitoba, and the editorial that week suggested that it was “worthwhile to study” the text of an American Farm Bureau Federation resolution calling for more regulation on
A century of farmer-owned co-operative grain companies comes to an end
Our History: September 2001
The headlines on our Sept. 6, 2001 front page announced that the delegates of Agricore — which had been formed in 1998 with a merger of Manitoba and Alberta Pools — had voted to merge with United Grain Growers to become Agricore United. It was in turn taken over by Saskatchewan Wheat Pool in 2007,
Ex-Viterra chief to take Ontario’s Hydro One public
The chief executive who morphed Saskatchewan Wheat Pool from a debt-crushed grain handler into Viterra, then oversaw its sale to Glencore, has been tapped to take Ontario’s Crown-owned power utility public. Toronto-based Hydro One on Thursday announced Mayo Schmidt as its new president and CEO effective Sept. 3, replacing Carmine Marcello. “We believe that Mr.
Sask. Wheat says wide basis costing wheat growers billions
Economist Richard Gray says elevator prices are down even though f.o.b. Vancouver prices have remained steady to higher since
The Saskatchewan Wheat Development Commission (SWDC) says export wheat prices are similar to or higher than last October, but farmers are receiving about $20 per tonne less. “Rail transportation and handling capacity have not improved and this is being reflected in even lower returns for producers and a lower share of export values as the
Ex-Viterra chief dropped as Dreyfus’ CEO-elect
The terms by which Mayo Schmidt would lead Louis Dreyfus’ commodities business have led the company and its chosen CEO to part ways. Offering no further details, Louis Dreyfus Commodities said Wednesday the company and the former Viterra CEO “have jointly decided not to proceed” with Schmidt taking the helm, “while retaining the highest mutual