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.

Just Posted

Red Deer record store celebrates its last Record Store Day

The Soundhouse, a guitar and record shop in downtown Red Deer, closes its doors next Saturday

WATCH: On 4—20 Day in Red Deer, marijuana users say legal weed a long time coming

Not wanting to wait for the federal government to legalize recreational marijuana,… Continue reading

Former Central Alberta MLA appealing fine for not protecting a list of 20,000 electors

List included names and addresses of voters in Rimbey-Rocky Mountain House-Sundre

Proposed Alberta legislation would protect consumers

Alberta Utilities Commission would be given power to penalize natural gas and electricity providers

Red Deer beginning two major construction projects

Ross Street’s 1935-era water main to be replaced and 67th Street roundabout landscaped

WATCH: Central Alberta bouldering competition

Central Alberta climbers looked to prove they’re the best at a competition… Continue reading

WATCH: Red Deer RCMP and Emergency Services play for Humboldt

Red Deer police officers and firefighters laced up their skates to raise… Continue reading

WATCH: Flooding closes portion of Red Deer’s 43 Street

A portion of 43 Street in Red Deer was closed Saturday morning… Continue reading

After air accidents, survivors grapple with flying again

Hundreds of hands grappling with oxygen masks. Flight attendants warning passengers to… Continue reading

Queen Elizabeth to attend pop concert for 92nd birthday

LONDON — Queen Elizabeth is marking her 92nd birthday with a Saturday… Continue reading

‘Such a great person:’ Funeral being held for assistant coach with Broncos

STRASBOURG, Sask. — Mark Cross was a ferocious competitor when he played… Continue reading

UPDATE: Missing Innisfail woman located

A 54-year-old Innisfail woman, who had not been seen since Wednesday, has… Continue reading

Hellebuyck makes 30 saves, Jets beat Wild in Game 5 to advance to Round 2

WINNIPEG — Bryan Little’s teammates were happy they could deliver something special… Continue reading

Most Read

Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month