G3 has announced plans to build two new grain elevators in Western Canada. The new locations will be at Rycroft, Alta., and Melfort, Sask., with each elevator having a capacity of 42,000 tonnes. Construction will begin later this year, pending final regulatory approvals, with completion targeted for early 2023. The new facilities are both be… Read More
Shovels will hit the ground in early 2020, pending final regulatory approvals, to build two new grain elevators for G3. The first, located at Vermilion, Alta., will have a capacity of 34,000 tonnes and will be located on the CN Rail line. The second elevator, located at Swift Current, Sask., will have capacity of 42,000… Read More
Starting next year, G3 will help six high school students with their post-secondary tuition with the . G3 Grow Beyond scholarship. The scholarship is in partnership with Agriculture in the Classroom Canada (AITC-C) to support students headed to their first-year college or university. “AITC-C is thrilled to be collaborating with G3 to bring this amazing… Read More
G3 is expanding its grain elevator network. The company plans to build two high-efficiency grain elevators near Irricana and in Stettler County, Alta. “Central Alberta is one of the most important grain growing regions in Canada,” says G3 CEO Don Chapman. “We are excited to be able to provide farmers in the region a new choice to market… Read More
Cereals Canada is welcoming three new members. G3 Canada, the grain company formed after Bunge and SALIC acquired a majority stake in the former Canadian Wheat Board in 2015, has signed up to join the national cereal crop value chain organization. “Collaboration is a core value held by G3, and we certainly appreciate the important… Read More
For the better part of the last two decades, commodity markets have become accustomed to demand growth from China supporting prices. Whether it was iron ore from Australia or soybeans from the U.S., sales to China grew year-over-year. However, it’s becoming increasingly likely that those days are over. Headlines over the last few week to show the… Read More
G3 Canada — the grain company formed with Bunge and SALIC’s acquisition of the former Canadian Wheat Board — is building a new grain terminal in Hamilton to source grains and oilseeds from Ontario. “Grain exports from southern Ontario have been increasing for some time now. We look forward to expanding our relationship with farmers in… Read More
It wasn’t all that long ago that if you wanted to really heat up a room full of western Canadian farmers, you’d simply have to mention the Canadian Wheat Board. Shortly thereafter, the battle lines would be drawn between those who fully supported the board’s government-mandated monopoly and those who wanted it abolished. Then came… Read More
First its monopoly was removed, and now the name will be history too. The Canadian Wheat Board (or CWB) formally became a private grain company known as “G3 Canada” today. G3 Global Grain Group — the joint venture between Bunge and the Saudi Agriculture and Livestock Investment Company — completed the $250 million acquisition of a… Read More
There’s no question the Canadian Wheat Board is establishing its physical presence in Western Canada, but farmers are still seeking answers to questions about how they will participate in owning the grain business controlled by G3 Global Grain Group — a joint venture between Bunge and a Saudi government investment company. A farmer equity trust… Read More
Western Canadian farm groups are generally welcoming the increased competition that should result from turning the (incapacitated?) Canadian Wheat Board into a private grain company controlled by Bunge and a Saudi investment company, but producer groups are still seeking answers about the farmer ownership part of the deal. The agreement announced this week will see farmers owning 49.9 percent… Read More
Less than three years after the end of the Canadian Wheat Board’s single desk, the CWB is on the verge of becoming a private grain company controlled by a joint venture between global grain business Bunge and the Saudi Agricultural and Livestock Investment Company — the Saudi Arabian government’s primary agricultural investment arm. The new alliance known… Read More