End point royalties bad for farmers
The next big event on the agricultural horizon might be end point royalties.
An EPR is an amount of money, probably between $2 and $7 per tonne, deducted from the sale of grain and given to the rights holder of the particular variety sold. A portion of that revenue stream goes to investor profit and another portion — surveys by economists suggest only about 10 percent — is re-invested in research.
As it is now, varietal research in field crops is largely supported by producer levies and by government.
Whether varietal research is funded by levy or by EPR, it is inescapable that the only place the money can come from is the farmer. No matter what the system, we farmers pay the bill.
Have you heard that private investment is the best way to stimulate more research? No. That investment is only the cost of admission into the scheme. All revenue, all generated profit still ultimately comes from the farmer’s pocket.
Most farm groups are against EPRs, but if you find one that isn’t, please convince them of their error. An EPR takes away not only farmer money but also farmer involvement in directing the research.
Don’t let this slide through. Those who will profit most from EPRs tend to have easier access to government ears, and the final decision might be made this year.
Sask Pool bought Agricore in 2007
Enjoyed your front page of the April 26 issue, which has a line type graph regarding Richardson Pioneer in the past 20 years.
It states that in 2007 Richardson acquired Agricore United. Actually, Saskatchewan Wheat Pool bought Agricore United in 2007.
At that time, they then sold some portion of Agricore United to Richardson Pioneer, where there was duplication of Sask. Wheat Pool at a site.
So yes, they did acquire Agricore United, but only a portion. Saskatchewan Wheat Pool eventually became Viterra.