Global Investments in Canadian wheat marketing

The Canadian Wheat board has been acquired by the G3 Global Grain Group.   G3 acquired a 50.1 percent of the board for a reported $250 million.     This acquisition gives G3 control of assets spread from Saskatchewan to Quebec – from inland grain and port terminals to grain hopper rail cars to a fleet of Great lake grain transport ships.

The terms of the agreement allow for the remaining shareholding to be kept in trust for grain farmers.  After 7 years, G3 has the option to buy the back these units at market value.

Canadian farmers from as far back as 1935, have been selling their wheat and barley to the wheat board, which would then export it to foreign markets.

Going forward, G3 Global Holdings, a G3 affiliate is looking into the feasibility of developing a new port facility for shipping grain in Vancouver, Canada.   This increased capacity will support growth of exports from Canada.