In the Thirties the CWB was formed because the open market price of wheat was very low. The CWB was formed and offered 80 cents per bushel minimum to the farmer. Everyone gave their grain to the CWB. The federal government made up the difference at the end of the year. The next year the open market price was higher than the CWB min. price so all farmers gave their grain to the open market. The next year the CWB min. price was higher than the open market could give so all the farmers gave their grain to the CWB. Costed the federal government huge amounts of money. Went back and forth that way untill sometime in the mid 40's. The CWB had been granted a monopoly. Through the CWB western farmers had got huge amounts of money flowing from Ottawa as high as 61 million dollar in one year, in them days was quite a bit of money.
I just don't think all the credit should be given to the CWB , it was Ottawa money that covered their asses every year. Yes there was a time that the open market value of grain was very low. If the value is low it is low. It is not in the big grain company's best interest to run farmers out of business.
I just don't think all the credit should be given to the CWB , it was Ottawa money that covered their asses every year. Yes there was a time that the open market value of grain was very low. If the value is low it is low. It is not in the big grain company's best interest to run farmers out of business.
Comment