KAP in Favor of Grain Elevator Intervention

Keystone Agricultural Producers agree with the intervention of the federal Competition Bureau after the sale of a grain elevator in Virden, Manitoba, reports The Brandon Sun.

Last September, Louis Dreyfus Company sold all 10 of its grain elevators in Western Canada to Winnipeg-based company Parrish & Heimbecker.

In December, the Competition Bureau filed an application to the Competition Tribunal that if successful, would force P&H to sell either its Virden elevator or its other elevator in Moosomin, Sask.

The reasoning was that since P&H now owns both elevators on a 180-kilometre stretch of the Trans-Canada Highway, they were creating a monopoly that hurts grain farmers.