Bad idea or Good idea

[cottonpicken]

Can someone tell me why i'm the only one who thinks the cwb should be turned into a
brokerage firm.

Either i'm the idiot or everyone else is.

This could possibly be the way to satisfy EVERYBODY!!!!!!!!!

[cottonpicken]

After what happened at mf global,brokerage houses
are getting hammered.Ratings agencies are tearing
them apart.

A big house like cwb,with cdic backing could kick
some serious ass.

It would have a multibillion dollar market cap-
overnight.

[LWeber]

It has merit. There would have to be a general cleansing of current attitudes.

Besides getting beat up on price worldwide, one of my main ******* was for 79 million dollars, farmers deserve so much better.

Some of the best people at 423 are being hired away already. It won't be done with this group of 8 leading with their chin.

Every ag debate has been polarized. For 25 years (or longer) the left and right fight has screwed everyone over. It allowed the situation to evolve where we are today.

The new CWB entity will have the tools to entice the trade to use them and with a credit crunch worldwide, you may be surprised who will clamour to use government credit facilites.

Interesting to watch McCreary last week in Committee offer up a Continental Market from 1993 to save their soul. 18 years after the fact. That is NOT cutting edge.

After 70 years of inbreeding, rather than buying a few bulls, you may need a whole new herd to get the traits you desire.

[charliep]

What is your definition of brokerage firm? If trading futures and options, not likely a renewed CWB function.

If a broker function, then likely what they will do. That is packaging sales activities at port/for North American customers or/and farmer delivery commitments. That is, putting business together for the supply chain. The services a cash broker would provide in the open market except a lot bigger volumes.

[cottonpicken]

A brokerage is a firm that acts as an intermediary between a purchaser and a seller. More
commonly, a brokerage is referred to as a brokerage firm. To broker a deal is to
communicate with both the buyer and seller as to acceptable price on anything sold or
purchased.

A broker, a single person, or the brokerage firm completes any necessary legal paperwork,
obtains the appropriate signatures, and collects money from the purchaser to give to the
seller. Since the buyer and seller are employing the brokerage to complete the deal, the
brokerage may collect a portion of the money obtained. In some cases, a brokerage receives
money from both parties. In others, the brokerage receives a commission only from the
seller.

Brokerage firms are most commonly thought of in relationship to the sale and purchase of
stock shares. Fees are variable, depending on the degree to which the brokerage is involved
in decisions about purchase. Some stockowners give their brokers power of attorney to make
decisions about when to buy or sell stock and depend upon their brokers for researching
new stock for purchase. This type of brokerage firm usually assesses a fairly large fee, and
regardless of whether the owner loses or earns money, the firm is paid.


Other brokerage firms are employed by people who like to do their own research and make
all their own decisions about what and when to buy and sell. These firms have a tendency to
charge per transaction and can be quite reasonable to employ. In the past few years, several
brokerage firms have begun stock trading on the Internet, allowing their clients access to
information that will help them carefully research their decisions. These companies are not a
sound economical choice for clients who do not do adequate research or cannot consistently
read up on their stocks. Extensive involvement by the stockowner is necessary to hopefully
make the best deals.

In other areas of business, brokerage firms may be employed to acquire and sell real estate.
Brokerages exist to acquire art or antiquities. Also, restaurants and other service companies
may use brokerage firms to obtain meat and produce, restaurant supplies, or furniture.
Sometimes, employing a broker in this last sense is not initially expensive to the purchaser,
because the broker receives a fee from the companies used by their clients. However, the
price of merchandise obtained through a broker generally has a mark-up that makes up for
this lack of commission.

Brokerage firms can be helpful because they save their clients, whether buying or selling,
time. Not everyone has time to look at 40 real estate properties before purchasing. Not every
restaurant manager wants to interview a slew of potential food supply companies before
selecting one.

For those who are cost conscious, however, employing a brokerage firm may mean added
expense. Buyers and sellers who come to an arrangement between each other “cut out the
middle man,” and are thus able to save money. On the other hand, employing a reputable
brokerage firm generally means that the firm assumes liability for the seller’s claims. Should
any portion of a sale be conducted illegally, the brokerage firm must often compensate the
purchaser and take legal action against the seller.

-I copy and pasted this to save time and get everyone on the same page as to what i'm
trying to explain.

The people who wanted to pool could still pool,with a few easy tweaks.

People could still use the board and gain a great deal of protective services in this incredible
risky world.

And people who wanted to go it alone,could.

It would could be a more privately functioning entity,to contain government miss
management.

It could expand into anything and everything,the sky the limit,example oil and coal.

A commission of 1% on 5 billion dollars in grain deals is 50 million dollars.

For god sakes everyone needs to stop fighting and put their thinking and imagination caps
on.

[charliep]

I might add the renewed CWB wouldn't have to exclusively offer price pooling as we know today (15 plus months). Could offer shorter pooling periods. Could offer pooling for specific classes, grades and proteins. Could offer a program similar to malt barley cash plus. If a for profit company, could cash trade wheat the same way they have feed barley with profits (an swear word that will get me in trouble) deposited into renewed CWB and used to pay for ships or whatever or paid to shareholders as dividends.

[ado089]

I won't work because anyone worth their salt is already or will shortly be hired away. Couple that with the attitude that the farmers serve the CWB and not the other way around. Once again like everything else CWB it's a good idea in principle but in reality it won't work.

[cottonpicken]

I see this as a huge opportunity.

Infrastructure check
employees check
global contact structure check
buyers check
sellers check
initial government backing ?
cdic?-very important to get

insurance/morgages/transportation

[cottonpicken]

So your saying there are no such thing as brokerages?
lol

early this year mf globals market cap was about 1.5
billion.

[cottonpicken]

So ado,if you haul some feed wheat to big sky pig
farms,would you not feel more comfortable knowing
that you would be quaranteed to get paid?

Would that service not interest you?

[charliep]

cottonpicken

Are suggesting the CWB act as a cash clearing house? Western Barley Growers Association did a lot of work on this a few years ago but no uptake by the industry. Could be an insurance program similar to what Ontario offers.

[parsley]

"employees check"
That's where your proposition ia flawed , cott

I'm order to succeed, there needs to be a
mondset that says one is able to succeed without
the government doing it for you

I regret to say, if. I take into account my
ovservations, that the present staff have been
hand picked for their approach to life, which does
not encompass,:respect for , or identiy with an
open market; supporting competitive
environments; personal initiative. I view most
CwB employees as dependent minds waiting to
be told what to do.
In their world, that's an attribute. In the free
market world, its disaster. Pars

Parsley.
N

[Braveheart]

My take is they should do what they do best, pooling, but doo it better. Become the pooling provider. Offer a range of pooling products. Shorter pooling periods, cash plus pooling, all could be viable marketing tools for farmers.

[charliep]

I suspect the skill sets do reside within the CWB to move the organization forward. Nothing new with the policy direction that is being acted on so I suspect lots of work has been done internally on what the new organization might look like. What is needed now is direction and leadership perhaps starting with a board of dirctors than allows the operations side to think differently/strategically/move the organization into the new world.

The CWB has developed new programs over time but have been tied to crisis versus strategic positioning for change.

[Braveheart]

I would agree with your comments Charlie with one comment of my own. The board always seemed to design their programs with the thought process of what would work for the board. They needed to do customer surveys recognizing the farmer as customer, and ask, "what do you as farmers need to make this work?" The mindset was always inside out instead of outside in.