CWB Rejects Bid by Farmers of North America.

[Hopperbin]

They pay a per ton dividend. So I will have a share in the new cwb. As a business mind I may sell at par or less just to gain ownership. What would you do?

[farming101]

Viterra Humboldt 33,130t(before expansion-16,500t)
CWB Colonsay 42,000t

[farming101]

Viterra Humboldt 33,130t(before expansion-16,500t)
CWB Colonsay 42,000t

[Klause]

They better start adding steel bins. The concrete standing there now will never hold it. Heck the one contractor rep I talked to there said 9700 mt.


I'll grab some pics when going past... must be steel bins going up.


Hopper I only care about money in my pocket. Owning shares in an elevator company has historically gone very badly for Canadian farmers... I.e. The pools.

[farming101]

Yes, about 24,000 tonne steel

[Klause]

That would make sense. Thanks!

[farming101]

Concrete section is 17,300t
Loop track. Guessing their plan is unit trains and keep 'em coming.

[bgmb]

This whole cwb privatization stinks, nobody knows any numbers on what the cwb balance sheet looks like. Cwb is supposedly up for sale but the details arent available? I firmly believe farmers equity in the cwb is being transfered to a private corp behind closed doors.

[Klause]

I don't know how they are going to fill it with one pit. They should have 24/7 receiving. On at least 5 am to midnight... sounds like 8 to 5 right now?


Bg that's why we won't ship there unless their cash prices are above other bids... that equity may disappear in a hurry. I.e swp or manitoba pool shares

[farming101]

It'll depend on the house design. There are enough elevators around that it will never run full out anyway.

Not partial to any grain company. Competitive pricing first, friendly service a close second.

[hobbyfrmr]

Daylate,
Wasnt he the big deal farmer in Hodgeville? Ag ventures 2000 or something like that. Somewhere around 1993 or 1994?

[jdwerker]

Selling the CWB to the highest bidder is a deal that stinks. Glad it got rejected.