FNA commercial

[farmaholic]

Reminds me a bit of Sask Wheat Pools Project Horizon. They spent allot of money, verticle integration, capturing more in the value chain. Concretes (good idea but kind of comparable to SWP tombstones) hog barns, feedlots, stockyards, doughnut shops, then divest it all until they were down to the core business again, then devalue equity, bond holders, and sell it for....

[Tandem007]

All I gotta say is wow...the same folks that 24 months ago celebrated the demise of the Cwb now want to invest in FNA of all companies....? The cwb is gonna screw up their attempt on their own of trying to be a real grain co, let fna in there and they're gone that much quicker. Go to Vegas if you want to lose 10 grand quick

[Hopalong]

What is it that makes so many think that if only farmers owned it, things would be better?
Our record in owning and running non farm business is not very good.

[Oliver88]

Farmers have made good money owning inland terminals in this province.
These were good investments by farmers that added competition.
These are now being sold off to P&H, Viterra, CWB due to being profitable businesses.

With the CWB, I hope a company/group can take it over and provide farmers with more competition.

[farming101]

CWB might do all right. New elevators with loop tracks(how many other elevators can boast that?), inland terminals,ownership in terminals at TBay and Vancouver, East Coast terminal, 2 brand new lakers.If they are competitive and friendly why wouldn't they get the business?

[bucket]

The Pasqua option allows farmers not to drive downtown moose jaw.

P&H might be the losers on this.

Nice guys but time and convenience is worth something.

[OneContinent]

It wasn't farmer ownership that screwed the pools. It was farmers letting themselves get talked into the idea that farmers aren't competent to own a billion $ business. So they hired real "talent" in multi-million contract CEOs. Who immediately set about doing things no sensible farmer CEO would have done. Buying a port in Poland, a donut shop business, food radiation company, and I think a port in Mexico too. What farmer president would have done that? When farmers had control, it was them who built the pools into billion $ companies. It was the experts who destroyed them. So much for the talk of "look how things turned out when farmers owned grain companies."

[OneContinent]

I've read in several places now that FNA is under "legal obligation to not say" why they have to do this in a hurry.

Am I the only one who is putting 2 plus 2 together and coming up with the government wants to get the deal done on privatizing CWB before we get a chance to finish harvest?

Farmers on the combines means not in town halls. Makes it nice and easy to slide the ownership to some political favorites while we aren't looking. When we have time to look it'll be too late because the deal will be done. Pretty nasty if you ask me.