Farms.com Home   Ag Industry News

Farmers, Friends of the CWB to Appeal Lawsuit Decision

By Amanda Brodhagen, Farms.com

They aren’t giving up.

Friends of the Canadian Wheat Board (FCWB), a group of farmers who support the former CWB monopoly said they plan to appeal a class action ruling.

The group tried to sue the federal government and the CWB claiming that farmer property had been wrongfully taken by Ottawa and the CWB, but their case didn’t prevail. The judge ruled that changes to the CWB legislation did not deprive class action plaintiffs of property or assets; but the judge did say that the government may have cheated farmers of some pool payments during the 2011-12 year. Because of this possibility, a limited class action suit should be allowed, the judge added.

Stewart Wells, chairperson of the said the group filed an appeal as of Nov. 29, 2013. In a news release, Wells argued that the plaintiffs believe that judge Tremblay-Lamer made an erred judgment. “We believe Justice Tremblay-Lamer made errors of fact in her judgment and our supporters feel that it is imperative that we continue with our legal efforts to recover the $17 billion dollars of value and assets farmers put into the Wheat Board,” he said.

The FCWB is being represented by Anders Bruun.

 


Trending Video

Did Bears Win Thanksgiving, Will Bulls Get Christmas?

Video: Did Bears Win Thanksgiving, Will Bulls Get Christmas?


Did the bears win Thanksgiving (although this week had green on the screen), and will the bulls get Christmas? Bears won thanksgiving thanks to a USDA Nov crop report dud that stalled the bullish grain momentum for a brief period. But a bullish lower yield surprise in the Dec crop report could reignite the rally.
2026 U.S. winter wheat planting is nearly complete at 97% while crop conditions improved by 3 points to 48% good-to-excellent. US corn & soybean harvest is complete.
High corn demand, which is off the chart, and more Chinese soybean demand could support a Christmas rally.
Nasdaq had it’s worst November since 2011.
A U.S. Fed rate cut in December will help fund flow and sentiment.
Bitcoin held a long-term support at 80,000 and that's positive for fund flow and sentiment. It should help stock prices and Ag as we go into December.
Fertilizer prices continue to climb as we look ahead to 2026. Farmers may rely more on the nutrients that they already have in their soils.
South American Weather remains critical as the soybean reproductive stage starts from late Nov to late Feb depending on planting date.
Will a Russia-Ukraine peace deal happen by year-end?
CFTC data as of showed more managed money fund sell-off as of October 14th.