CWB adding to networkCWB, formerly known as the Canadian Wheat Board, has announced plans to build its “first state-of-the-art grain facility.”
By: Jonathan Knutson, Agweek
CWB, formerly known as the Canadian Wheat Board, has announced plans to build its “first state-of-the-art grain facility.”
The elevator, west of Portage La Prairie in Bloom, Manitoba, is expected to be ready to ship grain for the 2015 harvest. A 130-car loop track will facilitate car loading of up to 60,000 bushels per hour.
CWB says the site is easily accessible from several highways, including the Trans-Canada and the Yellowhead. Construction has begun off of the Trans-Canada Highway, four miles west of the Yellowhead.
The elevator will be served by the CN Mainline.
The construction project is part of CWB’s ongoing privatization. Agweek’s Feb. 10 cover story looked at those efforts, which include developing what the organization calls a “network of assets.”
CWB officials say the Bloom grain elevator will be an important part of that network. They also note that farmers who deliver grain to CWB will receive an equity interest in the organization after privatization.
“Every (metric) ton of grain delivered to Bloom will be tracked for the purposes of CWB’s farmer ownership plan. We want farmers to have a stake in their value chain after privatization,” Ian White, CWB president and CEO, says in a news release. “As we continue to grow, the benefits to farmers will grow with us.”
The location is in an area with an obvious need for more grain-handling capacity, White says.
CWB, based in Winnipeg, Manitoba, markets crops such as wheat, durum, barley, canola and peas to customers around the world. The organization, which lost its marketing monopoly on Canadian wheat and barley in August 2012, has been relying on grain-handling facilities owned by rivals.
This winter, CWB began building its own network of grain-handling facilities, including the purchase of Mission Terminal Inc., which includes a terminal at Thunder Bay, Ontario.