Is CWB a Funding Agency?

[parsley]

1994-12-06
Order which (a) provides approval for THE CANADIAN WHEAT BOARD to make deductions from the final payments to producers of wheat and barley for the
explicit purpose of plant breeding research, and (b) designates the WESTERN GRAIN RESEARCH FOUNDATION as the "research funding agency".


Here is the gazetting for deductions for research. We'll look at those in another thread.

Parsley

[parsley]

With so much inflation, the CWB saw fit to increase your % of deductions to Western Grains and they made it legal by gazetting:



2005-08-31

Order which, among other things, (a) increases, as of August 1, 2005, the amount that THE CANADIAN WHEAT BOARD shall deduct from final payments for
the purpose of plant breeding research, and (b) designates the WESTERN GRAINS RESEARCH FOUNDATION as the research funding agency

Parsley

[parsley]

Her Excellency....on recommendation of the ...The Canadian Wheat Board, ....hereby authorizes The Canadian Wheat Board to pay to the Canadian International Grains Institute, from the separate account referred to in subsection 39(2) of that Act, the sum of $300,000 to defray the capital costs of the Canadian International Grains Institute, on the condition that sufficient funds from that account are available."


And this happens year after year.

2004-05-05
Authority for THE CANADIAN WHEAT BOARD to make a payment to the CANADIAN INTERNATIONAL GRAINS INSTITUTE in order to defray some of the
capital expenses of the Institute.

(next one a different account etc.)

2002-08-08
Authority for THE CANADIAN WHEAT BOARD to make a payment to the CANADIAN INTERNATIONAL GRAINS INSTITUTE from funds in the separate account kept for the benefit of grain producers, in order to defray some of the capital expenses of the Institute.


2000-01-12
Authority for THE CANADIAN WHEAT BOARD to make a payment to the CANADIAN INTERNATIONAL GRAINS INSTITUTE

2000-06-21
Authority for.. blah blah



1998-11-19
Authority for ..blah blah



1998-05-28
Authority for blah blah




1995-12-20
Authority for ......on August 1, 1991 and ending on July 31, 1996.

1994-02-16
Authority for THE CANADIAN WHEAT BOARD to make a payment from the separate account referred to in subsection 39(2) of the Act to the CANADIAN INTERNATIONAL GRAINS INSTITUTE in order to defray some of its capital costs during the period commencing on August 1, 1991 and ending on July 31

1994-08-03 Authority for THE CANADIAN WHEAT BOARD to make a payment from the "separate account" ....its capital costs during the August 1, 1991 to July 31, 1995 period


Lot of cash here.

Parsley

[parsley]

1994-08-03

Authority for THE CANADIAN WHEAT BOARD to charge the expenses it incurs from time to time in connection with its MARKET DEVELOPMENT PROGRAM to
the "separate account"

The Special account continues on year after year.

[parsley]

Oh, and then there is the contigency fund, in case you run out of money.

2000-02-24
Enactment of the CANADIAN WHEAT BOARD CONTINGENCY FUND REGULATIONS which establish a contingency fund to guarantee adjustments to initial
payments and to provide for potential losses in Board operations.

Parsley

[Incognito]

Open and Accountable

In 1998, changes were made to put control of the CWB squarely in the hands of the producers whose grain it markets. A 15-member board of directors was established, with 10 positions on the board now elected directly by grain farmers in districts across Western Canada. The new Board of Directors invited the office of the federal Auditor General, Sheila Fraser, to conduct an in-depth audit of CWB finances and processes. This is a direct response to farmers' requests for assurance that the CWB conducts its business in a transparent and effective manner. The Office of the Auditor General found the CWB’s accounting and reporting systems are “economical and efficient”.

http://www.cbr.ca/CompanyProfile.aspx?CompanyID=3240

[Incognito]

http://www.mrac.ca/index.cfm/fuseaction/prj.details/ID/093A2E67-FA01-A5D5-D699B93CF80A8C6B/index.cfm

[furrowtickler]

All this economical and efficient spending makes me feel good after loosing money on board grains 4 out of the last 5 years. I can not wait for the ethanol plant to be set up here in N.W. Sask.

[chaffmeister]

If I understand Incognito’s quote from the CWB Act, it says that if farmers haven’t deposited a CWB cheque for 6 years, the CWB has the right to put that money into a separate account and pay the persons entitled to those old payments out of the separate account. Any money left over can be used as the CWB sees fit.

But there shouldn’t be any money left over, should there?

I know a lawyer who once worked for the CWB. After she left the CWB she told me that in the last couple of years while she was there, 100% of her job was to track down farmers who had failed to repay their CWB cash advances – to get them to pay up.

I wonder how much effort & resources the CWB spends trying to track down farmers who haven’t cashed their cheques?

[parsley]

Nore downloading on farmers:
By the way, the Chair at the U of M is a yearly cost.How much?

University Scholarships every year throughout the Prairies.

Incognito,

The CBR on the website you recommended says:
"The Canadian Wheat Board has one job - to maximize returns to producers"


We know the Act actually says they CWB only has to sell for what they think is reasonable, not the best price. So, are they maximizing your "reasonable" returns to you ?

Look at what the CWB is actually doing.

They are assuming the Federal?Provincial Government's responsibilities for funding Research and Development?

During hard times. With farmers money.

There's more.

Parsley

[TOM4CWB]

Incognito;

On the AUdit:

THe auditor general could only write what the CWB minister wanted... as she was there at the plesure of the CWB Minister... and Directors... and reported to them:

NOT the people of Canada.

THis CWB Audit info is protected by law, as a Ministerial secret; and can NEVEr be disclosed under Canadian law.