Best De Pape yet!!

[jdepape]

By the way stubble - blogs are free to set up.

And since you and others seem to want to know:

I'm not charging for it.
Nor is anyone paying me for it.

[jdepape]

From www.cwbafacts.ca:

Auditor General of Canada Audits CWB
“Further, in our opinion, the financial accounting and reporting systems of the Corporation were managed economically and efficiently.”


Yup - that's right, accounting and reporting were efficient.

The Auditor General did not look at anything related to the commercial activity (marketing) by the CWB.

[jdepape]

From http://www.cwbafacts.ca/canola_magic.html

Quote 1: "The price farmers receive inland is still the export price minus the cost of the freight to port."

Quote 2: "The farmer does not know if he paid the freight to Vancouver."

If quote 1 is true, how can quote 2 be true?

[jdepape]

Like the CWB, CWBA likes to comapre the CWB to companies like Cargill.

See how small the CWB is when compared to Cargill? In 2002-03 the CWB had total revenues of $3.3 billion - Cargill was close to $60 billion.

The CWB sells wheat, durum and barley.

Cargill in involved in:
energy trading, risk and supply chain management (including power, natural gas, coal, emissions/carbon, petroleum)
Biofuels
Animal nutrition and feed (including branded feed products and feed ingredients)
Commodity trading and processing (including grains and oilseeds, cotton, sugar, ocean transport, energy and steel/ferrous
Industrial and bioindustrial products (active in markets: paper, corrugated board, adhesives, oilfield drilling muds, paints, inks and coatings,home care cleaning, hydraulic applications and functional fluids, winter road maintenance (salt), polyurethane foam, ferrous product lines, ocean freight solutions)
Farmer services (marketing, crop protection and inputs, agronomy, specialty growing programs)
Financial and risk management (including risk management solutions, investment services)
Food and beverage ingredients (too much to list)
Foodservice products
Personal care products
Pharmaceutical products
Salt
Branded food products


Yeah that's a relevant comparison.

[jdepape]

For what its worth, I sent an email to www.cwbafacts.ca.

They have not yet responded.

Funny - I don't even know who they are. For all I know it may not even be someone connected to farming - it could be a grain company or a government bureaucrat.

Huh. Go figure.