Reading Time: 3 minutes The anti-competitive tentacles of this deal reach much deeper than a consolidation that makes two competitors into one. This is about who will shape the future of grain handling and oilseed processing in Western Canada.
Grain business consolidation and concentration
A recent study suggests farmer concerns over the Viterra-Bunge merger are well founded
Bunge, Viterra confirm marriage plans
Firms to merge under Bunge banner
The grain handler built out from the foundations of the former Prairie pools is set to be absorbed into one of the world’s biggest grain trading firms in a cash-and-stock deal. After the news leaked out last month, Rotterdam-based Viterra confirmed Tuesday morning it’s “concluded an agreement” to merge into Bunge — the St. Louis-based […] Read more
Prairie drought spurs record imports via Trois-Rivieres
G3 terminal reports record incoming grain handle
Agrifood firms unable to source enough grain domestically due to last year’s drought have imported a record amount through a major St. Lawrence River grain terminal this year. Winnipeg grain handler G3, whose grain terminal at Trois-Rivieres, Que. has storage capacity for 109,000 tonnes, reported Wednesday the terminal has so far unloaded over 160,000 tonnes […] Read more
Retailer takes over G3 ag input site
The Rack takes up ag retail business at Plenty, Sask.
A western Saskatchewan ag retail chain has expanded its footprint in that region after closing a deal for a G3 grain elevator’s crop input business. G3 announced Monday it had completed the sale of the ag input business adjacent to its elevator west of Plenty, Sask., to Saskatchewan input and bulk fuel dealer Rack Petroleum, […] Read more
Farmers’ CWB class action lawsuit gets certified
Suit claims federal government wrongly used farmers' money to help privatize the Wheat Board
A class action lawsuit alleging the government of Canada and G3 Canada Ltd. unlawfully used millions of farmer dollars to privatize the Canadian Wheat Board (CWB) has been certified after wending its way through the courts for 10 years. Court of Queen’s Bench Justice Chris Martin delivered his written judgment Tuesday in Winnipeg, clearing the […] Read more
G3 offers donation to support mental health in Alberta
Reading Time: < 1 minute G3 is donating $25,000 to Alberta’s Mental Health Foundation to support, enhance and transform mental health and addictions care. G3 said that due to the pandemic, it has been unable to hold grand opening events for its six Alberta grain elevators which opened in 2020 and 2021. It was decided to donate the funds set […] Read more
The Big Surge: Elevator capacity soaring across the Prairies
The growth in the last four years has been phenomenal
Reading Time: 5 minutes The business of building grain elevators is — pardon the pun — on a runaway train. The growth has been, by any measure, phenomenal. In just the last four years, elevator companies have added 1.2 million tonnes of storage — a 16 per cent jump. And that expansion train isn’t slowing down. Late last month, […] Read more
G3 planning two more Prairie elevators
Northeastern Saskatchewan, Peace sites in works
Grain handler G3 has added a pair of new grain elevators — one in Alberta’s Peace region, the other in northeastern Saskatchewan — to its drawing board. The Winnipeg-based company announced Monday it will build new facilities at Rycroft, Alta. and Melfort, Sask., with construction starting later this year on both toward completion in early […] Read more
G3 Vermilion grain elevator open for business
Reading Time: < 1 minute G3 Canada’s new elevators in Vermilion and Swift Current are now up and running, and receiving deliveries. The Winnipeg-headquartered company, a joint venture of the Saudi Agricultural and Livestock Investment Company and Bunge, now has 17 elevators — including six in Alberta and nine in Saskatchewan — as well as a new “next-generation” terminal at […] Read more
CWB class-action suit a step closer to litigation
Manitoba Court of Appeal overrules lower court, allows case to seek certification
A proposed class-action lawsuit against the federal government and G3, alleging millions of dollars of farmers’ money was improperly used to privatize the Canadian Wheat Board (CWB) in 2012, is a step closer to certification and litigation, says Stewart Wells, chair of the Friends of the Canadian Wheat Board, which is backing the suit. The […] Read more
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