Meeting: Great Canadian Grain Robbery – Feb. 10, 2016

Submitted by:
Brendan Sigurdson |

Great Canadian Grain Robbery

February 10, 2016
7:30 pm
Legion Room, Legion Hall, Swan River, MB

Presenters include: Ron Kostyshyn,
Kyle Korneychuk and Ken Sigurdson

Farmers across western Canada are losing billions because of the loss of the Canadian Wheat Board.

Richard Gray, Agricultural Economist, University of Saskatchewan, August 2015 paper, explained farmer losses in the 2013/14 and 2014/15 crop years: “The resulting increase in export basis is reflected in a lower price paid to producers and reduced farm revenues. A conservative basis impact of $5.05 billion, in addition to the $1.43 billion price differential for Canadian wheat relative to US wheat in Portland, means that the minimum total value of loss to producers is approximately $6.5 billion dollars.”

The community of Swan River is losing millions.

This loss of revenue is significant for communities. In 2013, farmers in the Swan River Valley grew an 11 million bushel bumper crop of wheat. Using the loss of $4.69 per bushel the total loss of revenue to the Swan River area is over $50 million for the 2013-2014 crop year.

Make your views known. Everyone welcome.