During the Second World War, the authority of the Canadian Wheat Board was expanded, and the Board was given the authority to set statutory maximums on wheat, oats, barley, flax, and corn between December, 1941 until expiry after the war. Membership was was made compulsory for Western Canadian farmers in 1943 via the War Measures Act, now which the purpose of aiding the war effort.
Currently we have #1CW Durum Wheat on our farm that the CWB will only pay us $1.75/bushel for when it is worth $7.00/bushel in Berthold, ND a few miles from Manitoba. Why should we take a chance on loosing so much money? Our only alternative is to store it for another year in hopes they will set the price higher. We had to decide by October 31st what we would do. In 1970 the price was as high as $1.75/bushel. Who can survive on 1970 prices or wages?
YouTube - Canadian Wheat Board
http://www.bertholdfarmers.com/
Wheat (W, CBOT) 1970 Historical Commodity Futures Charts
Canadian Wheat Board - Wikipedia, the free encyclopedia
Currently we have #1CW Durum Wheat on our farm that the CWB will only pay us $1.75/bushel for when it is worth $7.00/bushel in Berthold, ND a few miles from Manitoba. Why should we take a chance on loosing so much money? Our only alternative is to store it for another year in hopes they will set the price higher. We had to decide by October 31st what we would do. In 1970 the price was as high as $1.75/bushel. Who can survive on 1970 prices or wages?
YouTube - Canadian Wheat Board
http://www.bertholdfarmers.com/
Wheat (W, CBOT) 1970 Historical Commodity Futures Charts
Canadian Wheat Board - Wikipedia, the free encyclopedia