The media calling the Canadian Wheat Board a monopoly is a false statement. The wheat board is just a marketing board that sells prairie grain on behalf of prairie farmers with all proceeds to destination going to the farmers.
The only way the wheat board could have a true monopoly is if they handled all of the world’s farmers’ grain. Farmers could then truly price their grain at cost of production plus profit price. It would create so much sound new wealth that there would be no need for debt infusion to create new wealth.
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Our present fiat money would be replaced with sound commodity based money. It would eliminate poverty and unemployment with no longer a need for war.
All businesses are run with the principle of cost of production plus profit price. Otherwise, they no longer exist. Until farmers command cost plus profit prices for production, they cannot call themselves true businessmen. The closest thing to having that power is the Canadian Wheat Board single desk marketing board. Without it, they will be reduced to price takers with only the choice of which company they can go to with cap in hand panhandling for a price for their grain.
Each community will lose at least $500,000 to $1 million annually on just the loss of final payments if we lose the wheat board’s single desk. Instead of helping (agriculture minister Gerry) Ritz get rid of the wheat board, we should be encouraging other nations to set up their wheat board to sell all farmers’ grain.
The benefits to all citizens of all nations would be staggering if this could be done.
Ronald E. Kennedy,Simpson, Sask.
