Canadian Wheat Board remains viable, voluntary option for nation's wheat and barley farmers, says agriculture minister following legislation that abolishes CWB's monopoly on marketing of these grains in western Canada for human consumption

Nevin Barich

LOS ANGELES , December 16, 2011 (Industry Intelligence) – Canadian Agriculture Minister Gerry Ritz said that the Canadian Wheat Board (CWB) remains a viable and voluntary option for the nation’s wheat and barley farmers, who are able to forward contract their crops to the buyer of their choice following recent legislation, Bloomberg reported Dec. 16.

Ritz was speaking at an event in Saskatchewan to mark the passage of legislation that abolishes the CWB’s monopoly on marketing of wheat and barley grown in western Canada for human consumption. The bill passed the Senate and received royal assent, the final step in the legislative process, on Dec. 15.

Farmers are now allowed to enter into forward contracts for these grains for delivery after Aug. 1, 2012.

The primary source of this article is Bloomberg, New York, New York, on Dec. 16, 2011.

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