Saudi Arabia Owns a Controlling Interest in the
Canadian Wheat Board - What Happens to That
...Now that Canada has "Unfriended" SA?
Gather around kiddies and I'll tell you a story. It's kind of a tragedy with an element of horror. Long ago, when the greencrow was very young and very green....Canada owned Canada. I know, I know, it's hard to believe these days but yes, Canadians used to own agencies like, well, like the Canadian Wheat Board. We used to sell our wheat...which is the largest commodity we have...all over the world. Hey, we sometimes even GAVE our wheat away...to nations that had suffered some catastrophes like drought or famine. It was one of the reasons why most of the other nations respected and even liked Canada.
But those days are long gone. You see, a very bad man called Stephen Harper became Prime Minister a decade or more ago and he had some very bad friends who lived in other countries. Harper sold off Canadian Institutions for pennies on the dollar and the Canadian Wheat Board was one of them. Now Canadians don't even own the Board that manages the largest commodity resource that Canada produces. Can you imagine that!?
Most Canadians, I wager, don't even know that the Canadian Wheat Board was sold out from under us. We were probably busy and mesmerized by all the media distractions set up so that the PTB can pull these stunts on a regular basis...until Canada has nothing left and no sovereignty to speak of.
But, folks, it gets even worse. Do you know WHO Harper sold a controlling interest in the Canadian Wheat Board to? Take a guess. I will give you a big clue. What country is Canada having a big fight with recently? What country has put sanctions on Canada and is pulling its assets out of Canada at the moment? Yes, you guessed it. Saudi Arabia!
Incredible to believe, but Saudi Arabia, our sworn enemy [du jour], now owns 51% of the Canadian Wheat Board. And worse even than that...the agreement that sold the Canadian Wheat Board to SA stipulated that SA could buy up the remaining shares for cash from the Wheat Farmer's Union Members.
What a SWEET deal!
Who negotiated such a sweet deal--for Saudi Arabia? Well, someone nicknamed "The Ritz Cracker" here's a photo of him back in the heyday when he was Harper's Minister of Agriculture. Below the photo is the laudatory description from the Agricultural Union's induction of Gerry into its "Hall of Fame".
"The Ritzcracker" Sold Canada Down the River
"From his rural Saskatchewan roots, the Honourable Gerry Ritz served as federal agriculture minister during a period when Canada’s agri-food sector became recognized as an economic powerhouse. During his 20-year political career as Member of Parliament for Battlefords-Lloydminster, Ritz served as Minister of Agriculture and Agri-Food from 2007–2015 and put Canadian agriculture on the world map. He expanded market access for the industry, forged valuable international trading deals, provided market freedom post-Canadian Wheat Board, pushed for innovation through Growing Forward, and limited the damage from challenges including BSE and Country of Origin Labelling. Gerry Ritz lives in St. Walburg, SK and was nominated by the Alberta Wheat Commission, Alberta Barley Commission and Canadian Cattlemen's Association."
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"The Ritzcracker was quite a negotiator"
Here is a different view of Gerry harvested from the comments forum of the Union website Agriville.com:
From July 18, 2018 Agriville.com forum comments
samhill Jul 14, 2018 | 15:09 Article in Mb Cooperator re CWB sale and up to $21,7xx to each farmer.
But seems to be no completion/finalization?
grassfarmer Jul 14, 2018 | 16:22 2
Originally Posted by samhill
Article in Mb Cooperator re CWB sale and up to $21,7xx to each farmer.
But seems to be no completion/finalization?Yeah, they are tracking down the farmers that supported the CWB, those that wanted it destroyed won't get a cheque.
farmaholic Jul 14, 2018 | 16:34 3 .....fake news.
Re: G3 Farmer's Equity allocations
It will be interesting to see how the $5/tonne patronage equity will be handled once the Companie's mandated total allocation allotment has been reached. No one knows if the $5 will be $2.50 or $10.00 once a true value is assigned....right now all they are is "units". "SWP/Viterra" revisited?
Apparently not all "units" have yet been allocated.
We don't have a G3 on our doorstep so haven't done much business with them. Anyone who deals with them regularly know what's happening with the "equity/units"...from the "statements" I receive...not much...yet.
Last edited by farmaholic; Jul 14, 2018 at 16:36.
mustardman Jul 14, 2018 | 16:53 4 Sale of CWB ?? You mean give away . Government told the Saudis if they promised to build some infrastructure in the future ,they could have CWB and all assets!!
Kind of like going to buy a house and the owner says "you can have it for Free, as long as you promise to build a deck !
Rareearth Jul 14, 2018 | 17:49 5 More or less $500 year.
Less
Oliver88 Jul 14, 2018 | 18:21 6
Originally Posted by farmaholic
.....fake news.
Re: G3 Farmer's Equity allocations
It will be interesting to see how the $5/tonne patronage equity will be handled once the Companie's mandated total allocation allotment has been reached. No one knows if the $5 will be $2.50 or $10.00 once a true value is assigned....right now all they are is "units". "SWP/Viterra" revisited?
Apparently not all "units" have yet been allocated.
We don't have a G3 on our doorstep so haven't done much business with them. Anyone who deals with them regularly know what's happening with the "equity/units"...from the "statements" I receive...not much...yet.If you phone the G3 office in Calgary they will inform you that your equity can be cashed in but you must be 75 years old or older.
farmaholic Jul 14, 2018 | 18:26 7 O88....some days I feel like I'm 75 years old but I'm no where close yet.
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Greencrow says: Fast forward to August, 2018 and Canadians, particularly Canadian Wheat Farmers, are getting very worried about Saudi Arabia's controlling interest in the Canadian Wheat Board. After all, couldn't SA just up and SELL the interests to another "nation"? Now, lemmeeseeeeeee….just WHO are the bestest friends of SA? the little borderless entity, for one. Here is a recent article that reports the Canadian Farmers are suggesting/recommending that Canada buy back the CWB. No kidding!!!! Please read and I will have final thoughts to follow:
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August 23, 2018 3:34 pm
Updated: August 24, 2018 8:43 am
"Union calls on Trudeau government to buy back Canadian Wheat Board from Saudi interests
Editor’s Note: (August 24, 2018) This story was updated to clarify the influence that Saudi interests have in the Canadian Wheat Board.
A union representing port and transportation workers in Churchill, Man. is calling on the Canadian government to buy back its majority interest in the Canadian Wheat Board, which was sold to G3 Global Grain Group – a partnership between Bunge Canada and a Saudi investment company – in 2015.
The Union of Canadian Transportation Employees said in a press release Thursday that the Saudi government’s decision to stop buying Canadian grain proves that it can’t be trusted to uphold the interests of Canadian farmers. Saudi Arabia’s state wheat-buying agency said Aug. 7 that it would no longer buy Canadian wheat and barley amid an escalating diplomatic spat between the two countries.
READ MORE: ‘Business as usual’ says Saudi-backed Canadian Wheat Board owners
“Their actions to stop buying Canadian wheat and barley should be the final nail in the coffin,” said UCTE national president Dave Clark.
G3 purchased 50.1 per cent of the board for $250 million, and renamed it to G3 Canada Ltd. The government said the remaining 49.9 per cent was to be kept in trust for grain farmers, although G3 has the option to buy back the units from farmers at market value in 2022.
The Conservative government at the time said the sale would help modernize Canada’s grain sector to stimulate investment and create jobs.
WATCH: John Baird attacks Trudeau government during interview on Saudi TV
But the union says the Harper government erred in selling the Canadian Wheat Board to the firm.
The union says it plans to write to Prime Minister Justin Trudeau “to ask for his immediate action to protect Canadian producers by restoring the Canadian Wheat Board to Canadian farmers.”
READ MORE: How Saudi Arabia selling Canadian assets could affect our economy
For its part, the Saudi government hasn’t said whether it plans to sell its stake in G3.
Analysts said the Middle East had been importing less wheat from Canada and the United States in recent years due to higher shipping costs, while China has become a bigger barley buyer.
“There will be plenty of opportunities for Canada to sell barley and wheat elsewhere,” said Chuck Penner, analyst with LeftField Commodity Research, based in Winnipeg.
WATCH: Saudi TV falsely accuses Canada of ‘freedom of opinion’ arrests
According to Statistics Canada, the Canadian government’s statistics agency, total Canadian wheat sales to Saudi Arabia excluding durum were 66,000 tonnes in 2017 and 68,250 tonnes in 2016. Canadian barley sales totaled 132,000 tonnes in 2017.
“This year could have been a year where we could have seen some (Canadian) barley trade there in October-November,” said Jerry Klassen, manager at trading house GAP SA Grains and Products in Winnipeg.
— With files from Reuters and the Canadian Press."
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Greencrow concludes: So, folks, that's the sad story of how Canada was snookered out of one of its most precious possessions...control of its largest commodity--wheat. The problem is that these people are so evil, so relentless, so devious....that it's impossible for Canadians to keep track of all the nefarious stuff they're up to 24/7. Who knows who got the bribes and kickbacks from the sale of the CWB.
Who knows if Saudi Arabia will even agree to sell the CWB back to Canada...why doesn't it just GIVE the Board to its bestest buddy, Israel? Oh yes, and another part of the CWB was sold to the US...the "Democracy" to the south that we're also tangled up with in an unfriendly NAFTA negotiation.
No wonder Maxime Bernier called the Conservatives irredeemably corrupt the other day when he quit abruptly....and announced he wants to start his own party. He said he wants to tackle the issue of "supply management". It's all starting to make sense to me now. How about YOU?
from Greencrow As The Crow Flies https://ift.tt/2Nk0FKj
Breaking News: Saudi Arabia is boycotting purchasing Canadian Wheat...even though it OWNS Canada's Wheat Board...say Whaaaaa?! - News Paper
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