Canadian Wheat Board Delivers HUGE Returns For Producers - Gerry Ritz Still Sour!
But hold on ... was Minister Ritz pleased with this success? Not on your life! Despite record returns for producers, Ritz took out his magnifying glass and focused on one small Wheat Board contingency fund that underwrites risks associated with cash trading and the board's producer payment options programs. This fund had a deficit of $89 million after the years returns were tallied. Without the deficit, the total returns of $7.2 Billion would have been $7.289 Billion.
So, instead of acknowledging that the single desk marketing structure of the CWB had a 'poster year', the ideologically driven Ritz had not a good word to say. (Well, at least he didn't wish anyone had died from listeriosis).
-Winnipeg Free Press