House of Ccommons Dec 2, 2014 CWB

[bucket]

Don't forget Louis Dreyfus is coming with some pretty formidable players now.

[farmaholic]

Bucket, thats "veil". I suppose the valley of secrecy would work too.

[farmaholic]

Bucket, thats "veil". I suppose the valley of secrecy would work too.

[foragefarmer]

Agree with Bucket

The CWB assets such as cars, ships terminal,head office in Wpg, elevators are owned by farmers. There should be some effort to keep it as a competitive alternative to farmers. Certainly farmers should get the first crack at taking it over as a private company. There are many ways financing could be arranged. Shares offering, bonds, private investors, farmers buying as preferred shared holders.

The Federal Government should be open to ideas from the various farm organizations on how to keep this as a farmer owned PRIVATE company competing for farmer business in a open market atmosphere.

[farmaholic]

In 2011-12, the Board sold $7.2-billion worth of grain to more than 70 countries, $4.9 billion of which was paid back to farmers—the third-highest sales year for wheat in its history.

Quote taken from chuckChucks posted link about "Why so many farmers miss the CWB". Where did these numbers come from? Where did the 2.3 billion go?

Pro says it never happened.

Anti says, See I told you so.

Editorial drivel.....

[Braveheart]

I liked valentine of secrecy. When it came to the CWB, you waited for one day a year to see if you got an envelope with anything in it. Fitting.

[sawfly]

good one pat martin
if only ritz had one to lose.

the sell out continues.

[bucket]

Whatever the winning bidder bids for the cwb he gets to keep the purchase price.

It's a no lose purchase.

[dmlfarmer]

For the buyer, you are correct Bucket. But all the investment farmers have contributed will likely be gone unless shares equal to the purchase price are somehow offered to farmers who sold grain to the CWB for X number of years.

Furthermore, while many on this list will argue this point, I suggest in a true sale the CWB should have had a significant goodwill value. The customer base and past performance dealing with buyers (more so than farmers) should have had value which a buyer should pay for. Farmers should be recipients of that value. I am not suggesting a cash payout by any means, but that value should be invested into the new CWB and farmers should own this value in the form of shares.

[redleaf]

posted Dec 3, 2014 22:05
Whatever the winning bidder bids for the cwb he gets to keep the purchase price.

It's a no lose purchase.

I would like someone to explain this please.