What is "spudco"

SPUDCO, the Saskatchewan Potato Utility Development Company, was a pseudo public private partnership between SaskWater and Lake Diefenbaker Potato Corporation (LDPC). It was created in 1996 and had signs of trouble from the start. The fallout from the numerous scandals led to the bankruptcy of LDPC and subsequent lawsuit which was settled for $7.9 million CAD and a Royal Canadian Mounted Police (RCMP) investigation. It left a black mark on the Saskatchewan New Democratic Party for years to follow. SPUDCO folded in 2000.