CN CP Revenue cap

[fjlip]

CN’s Prairie grain revenue came in $5,773,741 over its $802.44 million cap, while CP’s Prairie grain revenue came in $1,078,947 over its $724.38 million limit, the agency said.


CN and CP each have 30 days to pay their overages, plus five-per-cent penalties of $288,687 and $53,947 respectively, into the Western Grains Research Foundation’s endowment fund, income from which is directed to research work.

The railways’ combined 2016-17 Prairie grain handle rose 6.9 per cent from the year-earlier period, to 43.2 million tonnes, with an average haul length of 953 miles, up 0.2 per cent, the agency said.

[URL="https://www.grainews.ca/daily/cn-cp-roll-over-revenue-caps-for-2016-17?utm_source=GFM+Publications&utm_campaign=b10d4f 574a-Grainews+daily+enews+Dec+23%2C+2017&utm_medium=ema il&utm_term=0_2da8244677-b10d4f574a-88067685"]https://www.grainews.ca/daily/cn-cp-roll-over-revenue-caps-for-2016-17?utm_source=GFM+Publications&utm_campaign=b10d4f 574a-Grainews+daily+enews+Dec+23%2C+2017&utm_medium=ema il&utm_term=0_2da8244677-b10d4f574a-88067685[/URL]

[Daylate]

Interesting. And just to snuff out the conversation before it starts. Oil has no cap and oil is being heavily did punted because of rail being behind. Don't think that without a cap it would magically get better

[Daylate]

Now. Treat the rail system like our air traffic and have a central system with multiple companies competing for space and we got ourselves some real competition. And pardon me, but why not put overages into a direct infrastructure program to help speed up the GRAIN on rail instead of trying to research ourselves into a bigger crop that we cant get to market?

[edl]

Paying overages into wgrf is a waste of time in my opinion.Must be a better place than that?

[bucket]

7 million would build 56 rail cars .....a better investment for farmers....


With the overages the last decade we could have a new fleet....

Or building a facility inland of BC to fill as a buffer for bad weather....shuttle trains when going thru mountains isn't possible....

[checking]

Think December 30, 2008 and the $68,000,000 WGRF received, and how many grain cars that would have built.

It was a fact that disGusted said that it was too complicated to return the farmers money to the farmers, so WGRF just had to accept it for their coffers.

It wasn't complicated to return. Useless Board felt legislatively entitled, and continue to this day. Get your check offs back.

[Saskpraireboy]

Rail cars is not the problem. Thousands of them in storage. Committing power and men to moving grain is.

[Hopalong]

On subject of getting checkoff money back, do not understand Sask Wheat support for trade irritant.
For first time ever, that has made our farm request a levy refund.
Once started it will be easier to request levy refunds on other commodities.
As larger operations become the source for a greater percentage of production, can see more and more of them requesting refunds.
Old policy of one vote per producer is outdated.
Time for commissions to look at change and even their own relevance and viability.