Manitoba Pool Elevators

Identity area

Type of entity

Corporate body

Authorized form of name

Manitoba Pool Elevators

Parallel form(s) of name

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Other form(s) of name

Identifiers for corporate bodies

Description area

Dates of existence

1925-1998

History

The forerunner of Manitoba Pool Elevators, Manitoba Wheat Pool, was created in 1924 as a mechanism to allow for the co-operative marketing of wheat by Manitoba producers.Such an approach promised to stabilize the market price of grain and ensure a fair market price to producers.Initially the Pool was very successful. However, in 1930, the Manitoba Wheat Pool found itself burdened with an unsold surplus from the preceding year that had been bought from the farmers at a price that was significantly higher than any possible return during the depression. As a result, in 1931 the Pool's Central Selling Agency defaulted on its bank loans. Despite attempts to save the organization, it was forced to declare bankruptcy in November 1932. A subsidiary, Manitoba Pool Elevators Limited, remained active. In this way, the Manitoba Pool was transformed into an co-operatively owned elevator company. Following the Great Depression, Manitoba Pool Elevators expanded operations and initiated new co-operative business ventures. On November 1, 1998 Manitoba Pool Elevators merged with Alberta Wheat Pool Ltd. to create Agricore Cooperative Ltd.

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Relationships area

Related entity

Agricore Cooperative Ltd. (1998-2001)

Identifier of the related entity

agricore_cooperative

Category of the relationship

temporal

Dates of the relationship

Description of relationship

Manitoba Pool Elevators merged with Alberta Wheat Pools to form Agricore Cooperative Ltd.

Related entity

Alberta Wheat Pool Ltd. (1923-1998)

Identifier of the related entity

alberta_wheat_pool

Category of the relationship

temporal

Dates of the relationship

Description of relationship

Manitoba Pool Elevators merged with Alberta Wheat Pools to form Agricore Cooperative Ltd.

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Occupations

Control area

Authority record identifier

manitoba_pool_elevators

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