I do not think any money is given back to older producers. I think they just do not care what they lose as long as everyone gets the same price.
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Results of the 2011 CWB Producer Survey Released
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Newguy,
The PPO system is a tax... the contingency fund holds the taxes collected... and pays back the pool for the blunders the CWB marketeers make in hedging and sales mistakes.
Taking $40/t off my payment... plus the basis and feed deductions that are no where near fair market value... prove the PPO system is no more than a collection platform for the CWB pool accounts.
Grain Growers are crazy... to allow the CWB to have lost 100's of millions... in discretionary trading losses... and let the CWB get away with the fiasco scott free without even a wimper of objection that would force the CWB to pay fair market value for our grain.
And now... take a million dollars out of our returns... to fund a survey with the design of telling us all we have no clue what our grain is worth... or how to market it?
Sorry... I forgot... ONLY the CWB knows how to market grain... because they have no cost of purchasing that grain... in the first instance... it is all loaned to them... by the pool at less than fair market value.
How selling grain... that the CWB cost is always less than the sale price of that grain... will ever extract premium values...
Is beyond all rational and logical economic principal!
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