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Government Pleased by Court Ruling in Class Action Lawsuit

ID: 1290564

(firmenpresse) - OTTAWA, ONTARIO -- (Marketwired) -- 12/12/13 -- Today, the Government of Canada responded positively to the Federal Court's November 29th ruling which struck down nearly all of the claims made by four prairie grain farmers and awarded court costs to the Crown and the Canadian Wheat Board (CWB).

"Our Government is pleased with this decision that underscored the right of Western Canadian wheat and barley farmers to market their own grain," said Agriculture Minister Gerry Ritz. "While courts continue to strike down these frivolous lawsuits, the fact remains that the overwhelming majority of Western grain farmers have embraced marketing freedom and are capitalizing on new economic opportunities that were impossible under the old single-desk."

The case was launched in February 2012 and sought approximately $17 billion for damages that were allegedly caused by the elimination of the CWB's single desk and the alleged loss of farmer equity in the CWB's assets.

Last August, the Government and the CWB filed a motion requesting the claim be struck and the class action dismissed. In its ruling on this case, the court struck down six of the plaintiffs' seven claims, directing the plaintiffs to serve and file a revised statement of claim related to producer payments for the 2011-12 pool period only.

Marketing freedom came into force on August 1, 2012 as a result of the Marketing Freedom for Grain Farmers Act, which gives Western Canadian grain producers the freedom to market their wheat and barley to the buyer of their choice. The government's top priority remains the economy, and Canada's agriculture industry plays an important role in creating jobs and keeping our economy strong.

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Contacts:
Media Relations
Agriculture and Agri-Food Canada
Ottawa, Ontario
613-773-7972
1-866-345-7972
Follow us on Twitter: (at)AAFC_Canada

Jeff English




Press Secretary
Office of the Honourable Gerry Ritz
613-773-1059


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Bereitgestellt von Benutzer: Marketwired
Datum: 12.12.2013 - 09:53 Uhr
Sprache: Deutsch
News-ID 1290564
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