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Farmers at Risk Waiting for Bill C-49 to Pass

Farmers at Risk Waiting for Bill C-49 to Pass
 
The Alberta Wheat Commission says, Canadian farmers are being put at risk waiting for Bill C-49 to pass, also known as the Transportation Modernization Act.
 
Bill C-49 contains provisions which will ensure long-term solutions to grain transportation problems which have been troubling farmers for decades, but there is a delay in Senate approval.
 
Chair of the Alberta Wheat Commission, Kevin Auch, says the end of January is the soonest the Bill could be passed.
 
"We're in the unfortunate circumstance where we're not protected by the provisions which were under Bill C-30, as that expired last August. We aren't yet under the protection of Bill C-49, so shippers don't have the ability to have options with their shipping of grain."
 
The measures included in Bill C-30 were shipper access to extended interswitching of up to 160 km and minimum shipping volume requirements.
 
The Alberta Wheat Commission says car order fulfillment by CN Rail has averaged only 50 to 60 per cent.
 
"Weather is definitely not a factor, and we're still running at these poor levels, so it's a little bit concerning because we know that winter is coming. And when it does, we're going to be really behind on our shipping then."
 
Auch says, with these delays, Canada is at risk of losing credibility with global customers, similar to the 2013 to 2014 crop year.
 
"I just came back from a trade mission (to South America), and one of the things that we were telling them was we've got all this quality wheat for them this year, but it doesn't do us any good if we can't get it to them."
 
Source : Discoverestevan

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Brownfield Commodity Market Reporter John Perkins has your look at the mixed finishes in soybeans, corn, cattle, and hogs, along with the losses in wheat.

- March corn $4.65 and ¼ up 1 and ½ cents

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- January soybean meal $381.00 up $2.10

- January soybean oil 48.10 up 31 points

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- February live cattle $171.85 down $.07

- February lean hogs $65.30 down $.02