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Thursday, February 12, 2009 

Canadian Wheat Board Delivers HUGE Returns For Producers - Gerry Ritz Still Sour!

The Canadian Wheat Board delivered $7.2 billion to farmers in payment for their wheat, barley and durum. This represents a year over year increase of 47% for wheat producers and 94% per cent for durum and malting barley producers. These highly successful numbers were included in the most recent CWB annual report which was tabled in parliament by Ag Minister Gerry Ritz.

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

It's amazing to watch the ideological tunnel vision, that simply ignores everything that doesn't jive with their pre-determined perspective.

Trying to throw another Reform Rotten aplle into the barrel.

Ritz is still a failure on two counts:

1. He refuses to recognise the success of the Wheat Board.

2. His thinking holds that the listeriosis death count wasn't all that bad.

Two failures out of two major ministerial matters.

Sounds like failure in my books.

And we're wasting tax dollars keeping him around and holding a minister's office?

Let's hope The Battlefords- Lloydminster choose a better candidate next time round.

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