Viterra not a strategic asset, Wall says
Grain company a possible target of multiple takeover offers
Posted: Mar 12, 2012 10:45 AM ET
Last Updated: Mar 12, 2012 5:23 PM ET
http://www.cbc.ca/news/business/story/2 ... ncore.html
- Earlier on Monday, Manitoba NDP MP Pat Martin — the opposition critic for the Canadian Wheat board — warned that Prairie farmers would suffer if the firm were to fall into foreign hands.
"I'm concerned that the independent Prairie farmer will turn into more of a serf to international agrifood giants, and that we will no longer be price-setters of our commodities; we will be price-takers as dictated by someone else," Martin said.
Martin and others had predicted it would be only a matter of time before big international players looked to snatch market share that the Canadian Wheat Board used to dominate.
"This market share was delivered on a silver platter to these international agrifood giants," said Martin, referring to the Conservative government's move to abolish the wheat board's monopoly late last year.