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Editorial: Grain business consolidation and concentration
Editorial, Op/Ed

Editorial: Grain business consolidation and concentration

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Press releases are often notable because of what they don’t say. Then again, sometimes they unintentionally speak volumes. For example, consider the official statements coming from the Glencore team related to their role in the continuing consolidation and concentration of the grain handling business in Canada.  In 2012, when Glencore announced it was acquiring Viterra,
“It’s a significant thing for producers that have a permanently higher export basis.” – Richard Gray, University of Saskatchewan.
News

Reports raise alarm over Bunge-Viterra merger

Competition Bureau, ag economists warn of significantly reduced competition, more costs to farmers

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Glacier FarmMedia – Bunge and Viterra said in late April that they still expect to proceed with their proposed merger, even after a Competition Bureau review identified major concerns about reduced competition. A report from three University of Saskatchewan agricultural economists, prepared on behalf of four Saskatchewan and Alberta farm groups, reached the same conclusion. It was released April 29. The Agricultural Producers of Saskatchewan was among those groups. “We are particularly concerned
A sweatshirt displays the old Pool logo. The logic that compels a company like Bunge to integrate Viterra into its supply chain is the same logic that evokes nostalgia among farmers old enough to remember the wheat pools and action among younger farmers with the energy to do something about it.
Comment, Op/Ed

Comment: The return of the Wheat pool?

The time might be ripe for a revival of Prairie co-ops

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When Bunge announced its intention to purchase Viterra — the Regina-based grain handling subsidiary of Swiss mining giant Glencore — in June 2023, it represented another milestone in the slow but steady erasure of Saskatchewan’s long history with the wheat pool co-operative. Saskatchewan Wheat Pool, the once-mighty agricultural co-operative that became Viterra, is remembered by
Signage on Viterra’s office building in Regina. (Dave Bedard photo)

GSU accepts Viterra offer

Wages see a slight improvement but union says they hope to build on it in next contract

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Members of the Grain and General Services Union who work for Viterra have voted to accept the company's latest contract offer.
(Dave Bedard photo)

Viterra workers suspend strike to vote on new offer

Workers will be working to rule during the voting period

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Today, Grain and General Services Union workers employed by Viterra in Saskatchewan said they will vote on the grain handling company's latest final offer over the next two weeks. Locals 1 and 2, representing country operations and head office staff, respectively, were set to walk out at 2 p.m. today if a deal had not been reached.
Signage on Viterra’s office building in Regina. (Dave Bedard photo)

Sask. union serves Viterra strike notice

Grain handling giant says its committed to negotiation, but has contingency plans in place

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Yesterday, the union issued Viterra a 72-hour notice that they intend to strike as early as 2:00 pm on Jan. 5. GSU members from Viterra Country Operations and Maintenance and Viterra's Regina head office have been negotiating for "fair wages, improved work-life balance, and workplace respect," for more than a year, the union said.

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