Canadian Wheat Board

The Canadian Wheat Board (French: Commission canadienne du blé) was a marketing board for wheat and barley in Western Canada. Established by the Parliament of Canada on 5 July 1935, its operation was governed by the Canadian Wheat Board Act as a mandatory producer marketing system for wheat and barley in Alberta, Saskatchewan, Manitoba, and a small part of British Columbia. It was illegal for any farmer in areas under the CWB's jurisdiction to sell their wheat and barley through any other channel than the CWB. Although often called a monopoly, it was actually a monopsony since it was the only buyer of wheat and barley. It was a marketing agency acting on behalf of Western Canadian farmers, passing all profits from its operation back to farmers. Its market power over wheat and barley marketing was referred to as the "Single Desk".

Amid criticism, the Canadian Wheat Board's Single Desk marketing power officially ended on 1 August 2012 as a result of Bill C-18, also known as the Marketing Freedom for Grain Farmers Act, which was tabled by the Harper government and passed in December 2011. The Canadian Wheat Board changed its name to simply CWB, reflecting its changed status. CWB continued to operate as a grain company, although the bill also set a timeline for the eventual privatization of CWB. On 15 April 2015, it was announced that a 50.1% majority stake in CWB would be acquired by Global Grain Group, a joint venture of Bunge Ltd. and the Saudi Agricultural and Livestock Investment Company, for $250 million. The CWB name has been changed to G3 Canada Limited.

Subject ID: 88170

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The Canadian Wheat Board (French: Commission canadienne du blé) was a marketing board for wheat and barley in Western Canada. Established by the Parliament of Canada on 5 July 1935, its operation was governed by the Canadian Wheat Board Act as a mandatory producer marketing system for wheat and barley in Alberta, Saskatchewan, Manitoba, and a small part of British Columbia. It was illegal for any farmer in areas under the CWB's jurisdiction to sell their wheat and barley through any other channel than the CWB. Although often called a monopoly, it was actually a monopsony since it was the only buyer of wheat and barley. It was a marketing agency acting on behalf of Western Canadian farmers, passing all profits from its operation back to farmers. Its market power over wheat and barley marketing was referred to as the "Single Desk".

Amid criticism, the Canadian Wheat Board's Single Desk marketing power officially ended on 1 August 2012 as a result of Bill C-18, also known as the Marketing Freedom for Grain Farmers Act, which was tabled by the Harper government and passed in December 2011. The Canadian Wheat Board changed its name to simply CWB, reflecting its changed status. CWB continued to operate as a grain company, although the bill also set a timeline for the eventual privatization of CWB. On 15 April 2015, it was announced that a 50.1% majority stake in CWB would be acquired by Global Grain Group, a joint venture of Bunge Ltd. and the Saudi Agricultural and Livestock Investment Company, for $250 million. The CWB name has been changed to G3 Canada Limited.

Subject ID: 88170

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