Canadian Wheat Board outlines new programs to deal with open market

WINNIPEG — The Canadian Wheat Board has outlined its plan for a western wheat and barley market it no longer monopolizes.

WINNIPEG — The Canadian Wheat Board has outlined its plan for a western wheat and barley market it no longer monopolizes.

The board will offer both pool and cash contracts for the crop year that starts Aug. 1. It will sign agreements with grain-handling companies that are sometimes its competition and will continue to cut jobs as it deals with a newly open market.

“The role of the wheat board is really going to be determined by what farmers want us to do,” board president and CEO Ian White said Thursday.

“If farmers are interested in our programs, which we sincerely hope they will be, then they will want to sign contracts with us.”

For more than six decades, western wheat and barley farmers were forced to sell through the wheat board. The federal government passed a law late last year to open the market to competition as of this summer.

The change means the wheat board will compete for sales against grain-handling companies, many of whom the board relies on for grain transportation.

“A key within the handling-agreement discussions is determining … where we’re competing with a company and where we’re co-operating with a company,” said Ward Weisensel, the board’s chief operating officer.

The board signed one such deal with Cargill earlier this month and expects to soon have deals in place with all grain handlers on the Prairies, Weisensel said.

As for programs, the board is offering producers two pools: one for the short term in which delivery is guaranteed by Jan 31 and a longer-term one that runs until the end of the crop year in July 2013. There are more than a dozen reference grades for various types of wheat and barley.

The board continues to be the only option for producers who want the security of price pools, White said.

“Our pools will ensure that farmers are never forced to settle for the bottom of the market or chase an elusive market high.”

The board is also offering a range of cash contracts, some with fixed prices and some that adjust.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Red Deer Public Schools says that in the absence of additional funds from the provincial government, there was no consideration of using alternate classroom sites in the district. (AP Photo/Gregory Bull)
Red Deer Public Schools launches online engagement process

Red Deer Public schools is seeking community input to help ensure a… Continue reading

Students walk into Hunting Hills High School, which is one of the Red Deer Public Schools with solar panels on its roof. (Photo by SEAN MCINTOSH/Advocate staff)
Red Deer high school was placed in lockdown following potential threat

Hunting Hills High School was placed in a lockdown Friday after Red… Continue reading

Red Deer Mayor Tara Veer says some details of the provincial government’s 2021-22 budget need to be ‘sorted out’ when it comes to the hospital expansion funding. (File photo by Advocate staff)
More detail needed regarding hospital funding, says Red Deer mayor

Red Deer Mayor Tara Veer says some information is unclear regarding the… Continue reading

Alberta Health reported two new COVID-19 deaths in Red Deer Friday. (Image courtesy CDC)
Two more deaths linked to Olymel outbreak in Red Deer

Province reported 356 additional COVID-19 cases Friday

Nicole Buchanan, chair of Red Deer Public Schools board, says it’s too soon to say how the provincial government’s 2021-22 will impact the district. (Contributed file photo)
Red Deer school boards react to provincial budget

It’s still too soon to say how the latest provincial budget will… Continue reading

An arrest by Red Deer RCMP is facing online scrutiny. No charges have been laid and the incident is still under investigation. (Screenshot of YouTube video)
Red Deer RCMP investigating violent arrest caught on video

Police say officer ‘acted within the scope of his duties’

Minister of Health Tyler Shandro speaks during a press conference in Calgary on Oct. 7, 2020. The Alberta government and its 11,000 physicians have taken a first step toward resolving an ugly, fractious year-long dispute over fees and working conditions. THE CANADIAN PRESS/Jeff McIntosh
Alberta and its physicians move to end ugly feud over fees with new tentative deal

Alberta and its physicians move to end ugly feud over fees with new tentative deal

A worker carrying a disinfectant sprayer walks past a WestJet Airlines Boeing 737-800 aircraft, after cleaning another plane at Vancouver International Airport, in Richmond, B.C., on Thursday, January 21, 2021. THE CANADIAN PRESS/Darryl Dyck
WestJet to lay off undisclosed number of pilots amid labour negotiations

WestJet to lay off undisclosed number of pilots amid labour negotiations

The Site C Dam location is seen along the Peace River in Fort St. John, B.C., Tuesday, April 18, 2017. THE CANADIAN PRESS/Jonathan Hayward
British Columbia’s Site C dam to cost $16 billion, delayed until 2025

British Columbia’s Site C dam to cost $16 billion, delayed until 2025

Mark Machin, President and CEO of Canada Pension Plan Investment Board, speaks at a seminar on building a sustainable social security system in Beijing, China on Monday, Feb.20, 2017. Machin has resigned after admitting he was vaccinated for COVID-19 abroad. THE CANADIAN PRESS/HO-Canada Pension Plan Investment Board MANDATORY CREDIT
CPP Investments CEO Mark Machin resigns after travelling to UAE for COVID-19 vaccine

CPP Investments CEO Mark Machin resigns after travelling to UAE for COVID-19 vaccine

Selina Robinson listens to Premier John Horgan in Coquitlam, B.C., Friday, Nov. 17, 2017. Robinson, B.C's finance minister, says she's encouraged by predictions that British Columbia's economy will rebound this year and next. THE CANADIAN PRESS/Darryl Dyck
Economists predict slight rebound and moderate growth for B.C. economy in 2021

Economists predict slight rebound and moderate growth for B.C. economy in 2021

A street sign along Bay Street in Toronto's financial district is shown on Tuesday, January 12, 2021. THE CANADIAN PRESS/Nathan Denette
S&P/TSX composite falls as commodities, financials struggle

S&P/TSX composite falls as commodities, financials struggle

This image released by Briarcliff Entertainment shows Saudi Crown Prince Mohammed bin Salman, left, with journalist Jamal Khashoggi in a scene from the documentary "The Dissident." (Briarcliff Entertainment via AP)
US implicates Saudi crown prince in journalist’s killing

US implicates Saudi crown prince in journalist’s killing

This image released by Amazon Studios shows Maria Bakalova, left, and Sacha Baron Cohen in a scene from "Borat Subsequent Moviefilm." The film was nominated for a Golden Globe for best musical/comedy.(Amazon Studios via AP)
Breakout ‘Borat’ star Maria Bakalova conquers Hollywood

Breakout ‘Borat’ star Maria Bakalova conquers Hollywood

Most Read