World Grain - February 2015 - (Page 36)

FEATURE CWB taken off life support G lobalization is a force that's dramatically changing the world - forever. Among changes sweeping the globe is the recently signed Canada and European Union Comprehensive Economic and Trade Agreement (CETA) that overshadows even the terms of North American Free Trade Agreement in its depth and with many other multilateral and bilateral free trade agreements still on the drawing board. These agreements between governments represent a sea change in world trade, national alliances and lifestyles, for better or for worse. As with everything else, they are driven by new and larger generations of people that want and demand a better standard of living, employment, nutritious food and education. But these changes do not come without demanding changes by the players themselves. For example, Canada's success in entering into a trade agreement with the European Community did not come without changes to the Canadian Wheat Board (CWB), a powerful and deeply rooted monopoly that controlled Western Canada's all-important wheat and barley industries and, thereby, the livestock and poultry industries and the milling and brewing industries that depended on them. Its regulations, such as those that prohibited Canadian farmers from selling grain across the U.S./Canada border, were powerful enough to jail individuals who attempted to sell grain outside of the wheat board area and were also powerful enough to control farmers' income by selling their grain at a concealed price and then paying them for the grain in three payments sometimes stretching over 18 months. But most seriously, the board effectively removed Canadian grain farmers from the global marketplace and created a situation where Canadian wheat and barley (and at one time oat) farmers did not know their customers, their likes, dislikes, needs or opportunities. They did not know, and were not told, what kind of 36 by Leo Quigley A number of companies whose names have yet to be revealed have reportedly expressed interest in purchasing the wheat board It was also a powerful monopoly that grain farmers in other countries, such as Europe, didn't trust and presented a very large blockade along the road to signing a free trade agreement with the European Union - an agreement that stood to Today, with its monopolistic powers gone, the CWB, which was never, by law, allowed to own stationary assets such as grain elevators or terminals, has little left to offer the grain industry other than a small group of skilled marketers with excellent contacts, some grain railway cars, a state-of-the-art grain vessel, custom-built to operate on the Great Lakes (one Canada, and some grain handling assets purchased or having launched construction following the highly controversial change on Aug. 1, 2012 as a result of Bill C-18, When the Harper Government stripped the board of its powers, it also set a deadline that would have seen the board privatized by 2017. However, since that time both the government and the board now apparently favor advancing that deadline and expressions of interest to parties interested in purchasing (Continued on page 40) February 2015 / World Grain /

Table of Contents for the Digital Edition of World Grain - February 2015

World Grain - February 2015
Table of Contents
From the Editor-in-chief - Easing embargo on Cuba a world gain
Calendar of Events
119th Annual IAOM Conference and Expo
News Review - NIBULON reports record grain, oil crop exports
Nidera building silo on Danube in Romania
Algeria’s cereal imports increase by $3.5 billion
ADM strengthens Unilever relationship
Cargill’s net earnings up 41%
Grain, biofuel shipments surge at Port of Prince Rupert
CHS reports 56% increase in first-quarter earnings
KSU names Grain Science and Industry Department head
Port of Paranaguá sets record for grain handling
Bullish economics may force grain prices lower
IGC forecasts world wheat production at 701 million tonnes
Carr’s Milling profit up on strong performance
Bay State Milling expanding in Arizona
AGRANA earnings drop 25%
Canada introduces act to modernize grain industry
Grain Market Review - Rice
Country Focus - Syria
Feature - Ethiopia Striving for Grain Surpluses
Feature - CWB Taken off Life Support
CWB's Asset List
Feature - Europe's Largest Port Keeps Growing
Deep History
Feature - Grain Experts Analyze Black Sea
Feature - Investment analysts guarded about 2015
Feature - Another year of advances
Rice Quarterly - Milling Properties of Commingled Rice
Vietnam’s outlook for rice exports mediocre for 2015
Myanmar’s rice exports to China surge
African countries focus on boosting rice production
Thai rice exports to dominate
Feature - U.K. Milling Industry checking for soy in flour
Feed Operations - Upgrade ideas for your feed mill
Feature - Comparing Major Soybean Exporters
Feature - The importance of Landscaping
Feature - Global feed tonnage increases
Supplier News
Product Showcase
World Grain Archive
Ad Index/Reader Information Form International Faxback Program

World Grain - February 2015