Is CWB a Funding Agency?

[Incognito]

Canadian Wheat Board Act
PART III: INTERPROVINCIAL AND EXPORT MARKETING OF WHEAT BY THE CORPORATION
Regulations and Authorizations respecting Certificates and Accounts
Transfer of undistributed balances
39. (1) Where producers of any grain sold and delivered during a pool period have been for six years or more entitled to receive from the Corporation payments in respect thereof under certificates issued pursuant to this Act or out of an equalization fund, or otherwise, and there is an undistributed balance remaining in the accounts of the Corporation in respect of that grain, the Governor in Council may authorize the Corporation

(a) to adjust its accounts

(i) by applying the undistributed balance in payment of the expenses of distribution of the balance mentioned in subsection 33(2) with respect to the same kind of grain in any earlier pool period, and

(ii) by transferring the remainder of the undistributed balance to a separate account; and

(b) to pay to the persons who are entitled to receive payments in respect of that grain the amount to which they are entitled out of the separate account.

How transferred balances to be used
(2) Any balance transferred to the separate account pursuant to subparagraph (1)(a)(ii), other than such part thereof as is required for the payments referred to in paragraph (1)(b), shall be used for such purposes as the Governor in Council, on the recommendation of the Corporation, may deem to be for the benefit of producers.

R.S., 1985, c. C-24, s. 39; 1998, c. 17, s. 28(E).

[parsley]

I understand that the CWB has the legal authority to take money from the pooling accounts, and they have certainly taken their authority seriously.

2004-05-05

Authority for THE CANADIAN WHEAT BOARD to make a contribution towards the purchase and installation of equipment for the UNIVERSITY OF MANITOBA
GRAIN STORAGE RESEARCH FACILITY.

Her Excellency the Governor General in Council,...on the
recommendation of the President of the Treasury Board and The Canadian Wheat Board, ... hereby
authorizes a contribution.., a sum not exceeding $400,000 to fund the purchase and installation of equipment for the University of Manitoba Grain Storage Research Facility, on the condition that sufficient
funds from that account are available.

Parsley

[parsley]

2000-10-23
Authority for THE CANADIAN WHEAT BOARD to make a contribution to the UNIVERSITY OF MANITOBA for its Agribusiness Chair in Co-operatives and Group Marketing.

Aint handing out cash just plain fun?

Parsley

[parsley]

2001-05-10
Authority for THE CANADIAN WHEAT BOARD to make a payment to the CANADIAN INTERNATIONAL GRAINS INSTITUTE from funds in the separate account
for improvements to be made to its facilities.

Parsley

[parsley]

2004-05-05
Authority for THE CANADIAN WHEAT BOARD to make a contribution towards the purchase and installation of equipment for the UNIVERSITY OF MANITOBA
GRAIN STORAGE RESEARCH FACILITY.



Farmers out there better be planting a big crop. You have a lot of things to buy for a lot of institutions out there.

Parsley

[parsley]

1994-12-06
Order which (a) provides approval for THE CANADIAN WHEAT BOARD to make deductions from the final payments to producers of wheat and barley for the
explicit purpose of plant breeding research, and (b) designates the WESTERN GRAIN RESEARCH FOUNDATION as the "research funding agency".


Here is the gazetting for deductions for research. We'll look at those in another thread.

Parsley

[parsley]

With so much inflation, the CWB saw fit to increase your % of deductions to Western Grains and they made it legal by gazetting:



2005-08-31

Order which, among other things, (a) increases, as of August 1, 2005, the amount that THE CANADIAN WHEAT BOARD shall deduct from final payments for
the purpose of plant breeding research, and (b) designates the WESTERN GRAINS RESEARCH FOUNDATION as the research funding agency

Parsley

[parsley]

Her Excellency....on recommendation of the ...The Canadian Wheat Board, ....hereby authorizes The Canadian Wheat Board to pay to the Canadian International Grains Institute, from the separate account referred to in subsection 39(2) of that Act, the sum of $300,000 to defray the capital costs of the Canadian International Grains Institute, on the condition that sufficient funds from that account are available."


And this happens year after year.

2004-05-05
Authority for THE CANADIAN WHEAT BOARD to make a payment to the CANADIAN INTERNATIONAL GRAINS INSTITUTE in order to defray some of the
capital expenses of the Institute.

(next one a different account etc.)

2002-08-08
Authority for THE CANADIAN WHEAT BOARD to make a payment to the CANADIAN INTERNATIONAL GRAINS INSTITUTE from funds in the separate account kept for the benefit of grain producers, in order to defray some of the capital expenses of the Institute.


2000-01-12
Authority for THE CANADIAN WHEAT BOARD to make a payment to the CANADIAN INTERNATIONAL GRAINS INSTITUTE

2000-06-21
Authority for.. blah blah



1998-11-19
Authority for ..blah blah



1998-05-28
Authority for blah blah




1995-12-20
Authority for ......on August 1, 1991 and ending on July 31, 1996.

1994-02-16
Authority for THE CANADIAN WHEAT BOARD to make a payment from the separate account referred to in subsection 39(2) of the Act to the CANADIAN INTERNATIONAL GRAINS INSTITUTE in order to defray some of its capital costs during the period commencing on August 1, 1991 and ending on July 31

1994-08-03 Authority for THE CANADIAN WHEAT BOARD to make a payment from the "separate account" ....its capital costs during the August 1, 1991 to July 31, 1995 period


Lot of cash here.

Parsley

[parsley]

1994-08-03

Authority for THE CANADIAN WHEAT BOARD to charge the expenses it incurs from time to time in connection with its MARKET DEVELOPMENT PROGRAM to
the "separate account"

The Special account continues on year after year.

[parsley]

Oh, and then there is the contigency fund, in case you run out of money.

2000-02-24
Enactment of the CANADIAN WHEAT BOARD CONTINGENCY FUND REGULATIONS which establish a contingency fund to guarantee adjustments to initial
payments and to provide for potential losses in Board operations.

Parsley