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Ottawa Privatizes Wheat Board in Deal with G3 Global Grain Group

Posted April 16, 2015

Under Economic Issues, International Trade Issues

(Geoffrey Morgan – Financial Post)

Since 1935, the Canadian Wheat Board’s existence as a Crown corporation has been among the most divisive issues for farmers across the Prairies, with many willing to go to jail to fight for their right to sell grain outside its monopolistic control.

But after a deal with a joint venture owned by Saudi Arabia and a U.S. grain trader was announced Wednesday, it’s the former Crown corporation itself that’s being sold to outsiders.

“This closes a chapter in Canadian agricultural history where farmers could be jailed for selling their own grain,” federal Agriculture Minister Gerry Ritz said at a press conference in Winnipeg. Click here to read more.