We had Ian White, the president and CEO of the CWB, in China with us. COFCO is an agency in China that's been buying directly from the Wheat Board for a number of years. We signed a three-year contract on wheat and barley, I believe, while we were over there for the Olympics in 2010. We were over there to celebrate beef access, but we also celebrated that with a good-sized contract. We wanted to assure them the contract would be honoured, and we also wanted to assure the people at COFCO that the Wheat Board now has the ability to market other commodities as well. I know they're in discussions on canola, which is great. There is a tremendous amount of canola going into China, and if the Wheat Board is able to market canola through COFCO and get us into different marketplaces for some of the crushers or meal sales we have now, that will just ice the cake.
There's a tremendous opportunity for the CWB to be involved as a broker or as a pool. They have begun their farm meetings. They had the first one in Oak Bluff earlier this week. About 130 or 140 farmers showed up to find out exactly what was going to be available. We're celebrating the fact that they've signed their first logistics agreement with Cargill. As I said in my speech, that will give them access to 34 inland terminals and four different port facilities and the logistics that Cargill has available to them. So that's good news.
I know they're not stopping there. I know the board and CEO are dealing with other logistics groups as well in order to make as much use of them as they can in getting into markets all around the world. It's a tremendous opportunity for farmers to become reinvigorated.
There are a number of flooded acres in Manitoba and Saskatchewan, and the easiest or quickest way to bring them back is with a coarse grain, as opposed to with some of the special crops or canola. There are weeds to offset and so on, and barley or wheat is much better on that type of ground to get it back into shape the first year than canola or a special crop would be.
We know there are going to be extra acres, and we know there's going to be more product to move, and we look forward to those challenges.