| Bryce Santiago |
News released today regarding Canadian commodities. There are arguments on both sides for and against.
More info below:
The Canadian Wheat Board was re-created in 1935 the aim of controlling grain prices, so as to benefit farmers devastated by the great depression. During the Second World War, the authority of the Board was expanded, and the Board was given the authority to set statutory maximums on wheat, oats, barley, flax, and corn between December, 1941 until expiry after the war. Membership was made compulsory for Western Canadian farmers in 1943 via the War Measures Act, now with the purpose of aiding the war effort. In April, 1943 the Board was also authorized to buy rapeseed and sunflowers. In 1965, the Canadian Wheat Board Act, which had until then subject to expiry and requiring periodic amendments by Parliament to extend the Board’s duration, was amended without time limit, thereby creating a permanent Board. CWB control over inter-provincial shipments of feed grains became a public issue during the grains crisis in 1969 to 1972 and was removed. Only non-feed wheat and barley remain controlled by the CWB.[5][6] |
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