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Feds to end wheat board monopoly

Published by Steve Coleman on October 18, 2011

The federal government plans to introduce legislation to make good on promises to bring about the end of the Canadian Wheat Board.

A news report says the Conservative government will pass legislation by the end of 2011 to make the move to an open market system on Aug. 1, 2012.

As a part of the legislation, the federal government is planning to provide five years of funding to help move the crop into an open market environment. Currently, the board has a monopoly on barley and wheat destined for Canadian mills and export.

Other grain handlers say they're willing to work with the CWB as it makes the transition to a free market, but doesn't want the entity to get a government-sponsored advantage.

The full news story can be found at the following link.

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