From the archives: Sask. gov’t vows to protect farmers from creditors

This is what the Winnipeg Commodity Exchange looked like in 1980.  |  File photo

The Western Producer takes a weekly look at some of the stories that made headlines in issues of the paper from 75, 50, 25 and 10 years ago.

75 years ago: July 31, 1941

The Saskatchewan government promised to continue protecting farmers from their creditors. The province had passed legislation that allowed farmers to pay their expenses before having to make loan payments, but there were concerns that recent federal orders under the War Measures Act would supersede those actions. “We are going to see that the farmer gets his living before he starts paying his debts,” said provincial municipal affairs minister J.M. Parker.

The Canadian government reduced the amount of pork that could be sold domestically by 25 percent and prohibited the export of hogs to anywhere but Great Britain and its possessions. The move was brought in to meet a request by the British government for Canada to fulfill its contract to sell 425 million pounds of pork to Britain by Sept. 15 instead of the original date of Oct. 31.

50 years ago: July 28, 1966

The Financial Times took a swipe at credit unions and co-operatives in an editorial called, “It’s time to milk this sacred cow.” “Credit unions and co-operatives lead charmed corporate lives,” the newspaper said. “They seem to ride effortlessly from strength to strength with a benevolent government silently waving them on.” The Co-operative Union of Canada was not amused.

The Farmers Union of Alberta was sponsoring a “plow for India” campaign. Two complete units had already been donated.

25 years ago: Aug. 1, 1991

The initial price of wheat dropped 30 percent to $2.59 a bushel, which Leross, Sask., farmer Thaddeus Trefiak said was only slightly higher than when he started farming in 1975. Trefiak said the drop in initials would slice $15,000 to $20,000 off his cash flow.

The National Farmers Union called for a $1 billion deficiency payment to farmers from the federal government. It also wanted suspension of further accumulation of farm debt and a moratorium on farmland foreclosures.

Grain shipments through Thunder Bay were expected to slow down in August and September before picking up again in October, while export volumes at the West Coast were expected to remain steady at an average of 40,000 tonnes a week through to the end of October. Prairie farmers could see 7.7 million tonnes of grain move to export position from August-October if shipping targets were met.

10 years ago: July 27, 2006

World trade talks collapsed more than four years after they began. Further attempts would be made to reach a deal over the following years but to no avail.

Farm Credit Canada posted a record profit of $169.6 million, which was up 44 percent from the previous year.

About the author

explore

Stories from our other publications