Right Hon. C. D. HOWE (Minister of Trade and Commerce):
Mr. Speaker, I wish to make a statement that will be of interest to the producers of oats and barley. During the current crop season support prices for both oats and barley are in effect and the government intends to extend these to July 31, 1949, at the same support levels prevailing this crop year. Oats will continue to be supported at levels based on 611 cents for No. 1 feed oats, in store Fort William-Port Arthur, with other grades at appropriate differentials to be fixed from time to time by the wheat board. Barley will also be supported at 90 cents per bushel for No. 1 feed barley, in store Fort William-Port Arthur, with other grades at appropriate differentials to be fixed from time to time by the wheat board.
The purpose in making this announcement at this time is to enable producers of oats and barley to plan their operations for the coming crop year with the assurance that market prices will not decline below the support levels. As in the present crop year, the Canadian wheat board will be directed to implement this policy.
On the orders of the day:
Subtopic: EXTENSION OF SUPPORT PRICES TO JULY 31, 1949