General

Canadian Wheat Board likely up for grabs

New management will be tasked to dismantle and sell agency arms within five years

The Tories’ plan to end the Canadian Wheat Board’s monopoly on the sale of grains would dismantle the board within five years. The government would appoint five corporate directors in charge of restructuring and selling off various arms of the organization within that time frame. In the near term, the board would continue to operate as a voluntary organization, as it sets up a plan for privatization. After the five years, operations that couldn’t be sold would be wound down. If the legislation is passed, farmers will be able to sell their grain to whomever they choose starting Aug. 1, 2012.

Wall Street Journal

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