Viterra to invest 150 to 200 million in new Capital on demise of CWB

[TOM4CWB]

It is great to see Viterra investing in new equipment like colour sorters to equip elevators with advanced quality enhancement capabilities.

As this equipment becomes part of our basic grain handling infrastructure... the opportunity benefit for growers and our customers increase

Win Win all around. Streamlined efficiencies and overall better quality is much better than the old pool method of blending out problems by dilution... though this will certainly continue where easily done.

Central pooling at export cost growers quality. Value returned to everyone at cents on the dollar... benefited no one enough to make any significant difference.

PAST Higher US PNW 1DNS prices back to growers at the farm gate prove the pooling system and 'single desk' did NOT work.

Now we can move to the 21st century with the best quality... we must fix our shipping system so we are on time and with the quality specified!

NOW A pull system... instead of the CWB pushing a rope and yelling at everyone to start pulling together... with no significant financial benefits paid for co-operation. Proven over and over... IT didn't WORK.

[dmlfarmer]

This is the first time I have ever heard borrowing described as investing in capital! Talk about spin!

[TOM4CWB]

dmlfarmer,

For Board grains the CWB provided the Capital to pay grain growers in the past for the initial up front. When Viterra pays non-board cash tickets they must borrow the cash till the customer buys the grain and takes delivery.

This is NOT spin... it is a true cost... and Capital is absolutely what it is called. When a grower buys seed in the spring... it takes Capital to pay for the seed and inputs... till you get paid for the grain after harvest.

[dmlfarmer]

lol absolutely tom. my point is not about borrowing, it refers to the topic title:
Viterra to INVEST 150 to 200 million in new Capital...
The spin is not borrowing - it is calling the borrowing INVESTING!!! lol

[Burbert]

As grain prices plummet, multies will be
more and more happy. Butt the price is
transparent and wes have a level field,
benchmarking will exist and framers kin
all fail at the same rate. It gonna be
beautiful, ta listen to the collective
whinning and sniveling!

[stubblejumper]

Once again tom is full of shit. The sports teams in Castor Alberta are called Castor Raiders

[TOM4CWB]

Stubble,

What does the town of USONA's name come from by Wetaskewin on Hwy 2 EDM CLGY?

By the way... "A source of humour for those familiar with Castor is the name of Gus Wetter's school men's sports teams: The Castor Raiders."

http://en.wikipedia.org/wiki/Castor,_Alberta

[Burbert]

Viterra has always been the leading pile
of steaming bullcrap in the Comedian grain
industry! Appears to be continuing,
borrowing, borrowing, borrowing, trying ta
get sooooo big that nobody wood allow it
ta fail. Butt its a tired old, old,
useless company, wit nottin, nottin goin
fer it, other than borrowing.........