IDEAS home Printed from https://ideas.repec.org/a/ags/ecjilt/23899.html
   My bibliography  Save this article

The Canadian Wheat Board: Government Guarantees and Hidden Subsidies?

Author

Listed:
  • Goodloe, Carol

Abstract

The operations of the Canadian Wheat Board (CWB), a state trading enterprise, have generated controversy over the years, partly because of an alleged lack of transparency in its operations. This study examines one aspect of operations that is not well understood - the government guarantee of CWB borrowings and export credit sales. This special privilege allows the CWB to generate a "financial cushion", or non-market based revenue, that it can use to enhance returns to producers, discount export prices, or pay administrative expenses. Although recent WTO dispute settlement decisions concluded the CWB does not act inconsistently with some WTO rules, the July 31, 2004 WTO Doha Round framework agreement addresses these potential trade-distorting practices of the CWB.

Suggested Citation

  • Goodloe, Carol, 2004. "The Canadian Wheat Board: Government Guarantees and Hidden Subsidies?," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 5(2), pages 1-18.
    • Handle: RePEc:ags:ecjilt:23899
    DOI: 10.22004/ag.econ.23899
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/23899/files/05020102.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.23899?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Steve McCorriston & Donald MacLaren, 2001. "State Trading Enterprises: Some Legal and Conceptual Issues," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 49(4), pages 415-428, December.
    2. Veeman, M. & Fulton, M. & Larue, B., 1999. "International Trade in Agricultural and Food Products: The Role of State Trading Enterprises," Papers 1999, Gouvernement du Canada - Agriculture Canada.
    3. Colin A. Carter & R.M.A. Loyns & Derek Berwald, 1998. "Domestic Costs of Statutory Marketing Authorities: The Case of the Canadian Wheat Board," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(2), pages 313-324.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rude, James & Meilke, Karl D., 2006. "Canadian Agriculture and the Doha Development Agenda: The Challenges," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 7(01), pages 1-17.
    2. Rude, James & Meilke, Karl D., 2005. "Implications of the July 2004 WTO Framework Agreement for Canadian Agriculture," Commissioned Papers 24159, Canadian Agricultural Trade Policy Research Network.
    3. Thompson, Wyatt, 2007. "Inconsistent Objectives of Agricultural Export Credit Disciplines," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 8(01), pages 1-13.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Froese, Marc D., 2010. "Trade Friction, Dispute Settlement and Structural Adjustment, Or, Why Canada-Wheat Doesn’t Matter in North American Trade Relations," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 11(01), pages 1-21, February.
    2. Maeda, Koushi & Suzuki, Nobuhiro & Kaiser, Harry M., 2001. "Measuring the Effects of Eliminating State Trading Enterprises on the World Wheat Sector," Working Papers 127664, Cornell University, Department of Applied Economics and Management.
    3. Bruce Gardner, 2008. "Distortions to Agricultural Incentives in the United States and Canada," World Bank Publications - Reports 28185, The World Bank Group.
    4. Young, Linda M., 2005. "Export Competition Disciplines in the Doha Round," Trade Issues Papers 14573, International Agricultural Trade Research Consortium.
    5. Scoppola, Margherita, 2006. "Economies of Scale and Endogenous Market Structures in International Grain Trade," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25322, International Association of Agricultural Economists.
    6. Tina L. Saitone & Richard J. Sexton, 2017. "Agri-food supply chain: evolution and performance with conflicting consumer and societal demands," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 44(4), pages 634-657.
    7. Smith, Vincent, 2017. "The US Federal Crop Insurance Program: A Case Study in Rent-Seeking," Working Papers 06899, George Mason University, Mercatus Center.
    8. Stiegert, Kyle W. & Wang, Shinn-Shyr, 2003. "Imperfect Competition And Strategic Trade Theory: What Have We Learned," Working Papers 14589, International Agricultural Trade Research Consortium.
    9. Jeffrey Biggs & Susanna Laaksonen-Craig & Kurt Niquidet & G. Cornelis van Kooten, 2006. "Resolving Canada-US Trade Disputes in Agriculture and Forestry: Lessons from Lumber," Canadian Public Policy, University of Toronto Press, vol. 32(2), pages 143-156, June.
    10. William W. Wilson & Bruce L. Dahl, 2000. "Logistical Strategies and Risks in Canadian Grain Marketing," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 48(2), pages 141-160, July.
    11. McCorriston, Steve & MacLaren, Donald, 2005. "Single-desk state trading exporters," European Journal of Political Economy, Elsevier, vol. 21(2), pages 503-524, June.
    12. Borzeix, Véronique & Marette, Stéphan, 2002. "Les effets indirects des monopoles en matière de protection et de subvention," Économie rurale, French Society of Rural Economics (SFER Société Française d'Economie Rurale), vol. 267.
    13. Jana Hranaiova & Harry de Gorter, 2006. "State Trading and Tariff Rate Quotas: The Case of Korea’s Rice Imports," Review of Development Economics, Wiley Blackwell, vol. 10(4), pages 632-651, November.
    14. William W. Wilson & Bruce L. Dahl, 2004. "Transparency and Bidding Competition in International Wheat Trade," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 52(1), pages 89-105, March.
    15. Johnson, D. Demcey, 1999. "Grain Quality In The Canadian Barley Sector: A Review Of Regulations, Industry Practices, And Policy Issues," Agricultural Economics Reports 23408, North Dakota State University, Department of Agribusiness and Applied Economics.
    16. Schmitz, Troy G. & Gray, Richard S., 2000. "State Trading Enterprises And Revenue Gains From Market Power: The Case Of Barley Marketing And The Canadian Wheat Board," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(2), pages 1-20, December.
    17. Johnson, D. Demcey, 1999. "Single Desk Selling Of Canadian Barley," 1999 Annual Meeting, July 11-14, 1999, Fargo, ND 35669, Western Agricultural Economics Association.
    18. Joseph M. Santos, 2014. "Back to the futures: An assessment of market performance on the early Winnipeg Grain Exchange," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 47(4), pages 1426-1448, November.
    19. World Bank, 2009. "A State Trading Enterprise for Grains in Russia? Issues and Options," World Bank Publications - Reports 18899, The World Bank Group.
    20. Dong, Fengxia & Marsh, Thomas L. & Stiegert, Kyle W., 2002. "Imperfect Substitutes, Deferred Producer Payment System, And State Trading Enterprises: An Empirical Test Of Leadership In The Global Malting Barley Markets," 2002 Annual Meeting, July 28-31, 2002, Long Beach, California 36625, Western Agricultural Economics Association.

    More about this item

    Keywords

    International Relations/Trade;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:ecjilt:23899. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/esteyca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.