Alberta Wheat Pool Barrhead #2 - Barrhead, Alberta - Grain Elevators on Waymarking.com

Elevator #2 Barrhead is showing signs of retirement.

A selection of text on the history of the pool...
"The Pool purchased the grain produced by its members at a provisional or initial price. The pool then sold the grain, and if there was a surplus in the account at the end of the year, it was distributed to its members at a pro-rated basis. Everyone who was a member of the Pool received the same price. Initially 26,000 farmers joined the Pool, with hundreds of shipping points.

The Alberta Wheat Pool started making direct sales to flour milling companies and even exported grain directly. Direct sales accounted for over 60% of the total in the first year. They had to use the services of the Winnipeg Grain Exchange, despite objections from the farmers, in order to reduce risk which would in turn satisfy the banks that financed the venture.

After the first year, the Pool began to deduct 2 cents per bushel for purchase/building of Pool-owned elevators. This levy system was to be used often in the Pool's history. Considering that wheat sold at the time for over $1.00 per bushel, this was a low percentage cost. With this income, the Pool accumulated a $200,000 reserve. Shortly thereafter, Saskatchewan and Manitoba created Wheat Pools of their own."

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Currently used as a grain elevator: no

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