<strong<span class="nfu nfu-angle-double-right"
(April 15, 2015)</strong<span class="nfu nfu-angle-double-right"
“Today Agriculture Minister Gerry Ritz announced that G3, a joint venture owned by two foreign corporations, Bunge and the Saudi investment company SALIC, is the beneficiary of CWB privatization. With this, the Conservative government has accomplished the biggest transfer of wealth away from farmers in the history of Canada,” said Jan Slomp, National Farmers Union (NFU) President. “The CWB’s physical assets, its commercial relationships, and its good name have all been given away. The “buyers” of the CWB actually get to keep the $250 million pittance they are “paying” for it. Bunge’s 2014 sales totalled $58 billion and multi-billion dollar SALIC is a subsidiary of the Saudi sovereign wealth fund, PIF.” “Where is the financial report or accountability? This is our money and taxpayer dollars,” said Ian Robson, NFU Board member from Manitoba.