Canadian Wheat Board Performance Benchmarking

The paper is organized as follows. A brief historical overview of events leading up to the Gray Report is followed by a more detailed description of the performance measurement process. The third section describes the experience of US farmers in getting good prices. The fourth section places "outperformance" into an appropriate context by discussing the economic concept of "market efficiency". Then our benchmarking results are presented for the various types of grain. A short summary concludes the paper.