The fpc does give you an option to use if you so desire. Last march you could have locked in cwrs at 7.85 bu. but you were probably finding too much wrong with the program to act.IMHO.
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BSE Cluster area???? new Canadian case
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Will agree on your comment on using CWB programs. the $6.85/bu was only available for about one day (converted futures $300 with a $50/tonne CWB deductions). If you want to go the high and the best basis $25 over, a farmer had a chance at $7.50/bu.
I have to express frustation on the latter comment about using the programs wothout question and perhaps suggesting they are a privelege the CWB grants some farmers. Will note that in 2009/10, CWRS basis levels have varied from $15 under to $25 with absolutely no relationship to the market. Whatever relationship there is in place, it is for the CWB board of directors to allocate funds and for the operations side to manage risk. Have to comment on frustration in the 2008/09 annual report where PPO wider basis was use to transfer money back to the pricing pools (one year out of sync) and to bring the contingency fund back into the black.
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Pardon me for not keeping a record of happenings in this world. However if I remember right we still don't have any REAL science proving the source of BSE, only theory.
If that’s so - here’s mine. B SE has been around as long as cows have been around. We just didn’t know what to call it, nor did we have the labs and testing tools to find it (if indeed we knew what it was)!
Therefore it’s time we called an “ace an ace and a spade a spade” and the govt. should shut the borders to anything of shore or from across the 49th. until all countries agree to a science.
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Agree on the junk science wd40 but how does closing the borders help? we are still net exporters so it would hurt us more than anyone else.
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