Wheat market demands grow

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Pent up demand for an open market to sell wheat and barley is getting more intense today.

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Hey there, time traveller!
This article was published 28/11/2011 (3960 days ago), so information in it may no longer be current.

Pent up demand for an open market to sell wheat and barley is getting more intense today.

Bill C-18, the so-called Marketing Freedom for Grain Farmers Act is scheduled for third reading and the final vote this evening.

After its annual general meeting in Winnipeg today the president of Grain Growers of Canada, Stephen Vandervalk said farmers need to have access to forward contracts on their wheat and barley crops because they are already locking in input prices.

“Farmers need certainty before Christmas so they can lock in contracts for next year’s harvest,” he said.

The Canadian Federation of Independent Business, not usually known as an agriculture lobbyist, was also hung-ho for the passage of the legislation that will end the Canadian Wheat Board’s monopoly.

In a press release today Virginia Labbie, the CFIB’s senior policy analyst for agri-business, said “Our farm members are pleased to see this historic day finally arrive and hope that Bill C-19 passes without lengthy delays.”

In its latest survey of members, 83 per cent of CFIB Prairie farmers said they wanted to voluntarily participate in the CWB.

Martin Cash

Martin Cash
Reporter

Martin Cash has been writing a column and business news at the Free Press since 1989. Over those years he’s written through a number of business cycles and the rise and fall (and rise) in fortunes of many local businesses.

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