CWB Privatization Dilemma

[dave4441]

And you wonder why no one engages you on your broker idea Cotton. You believe the CWB was something that it simply wasn't. I would suspect CWB was a customer of a MF Global. I met one of their brokers on the floor of the wheat pit in Chicago. They didn't even have their own guy there? At least I can tell you are still living in tin foil hat country.

[mbdog]

As much as I want to bury the old CWB hard, fast and deep when I hear Pat Martin open his mouth...not likely its the best/fairest path forward. I think the Feds are progressing in a considerate and responsible manner under the circumstances during this period of change, and rightfully behind closed doors.
We wouldn't be in this mess if the "Martins" of the past had been reasonable.

[bucket]

I am waiting. This thread is going to get interesting soon.

[farmaholic]

What will happen to the supposed $5/tonne equity stake, earned on every tonne delivered to the new CWB, in what ever happens to it after privatization?

[bucket]

Remember sask wheat pool?

Much the same. Diluted to nothing. And yet swp was worth billions in the end.

Go figure.

Farmers are easy targets.

[foragefarmer]

Bucket

When you state the 200 million goes back to the winning bids bank account, why wouldn't any winning bid funds go back to the Feds and then somehow to farmers.

Please explain as I'm not understanding your point. Thank you

P.S

I strongly oppose the CWB being sold to any grain company and every effort should be made by the Conservatives so that it remain as an independent grain company operating on it's own. Farmer's own all the assets not the Feds, it can easily raise capital if a solid business plan was put forward.

[farmaholic]

There will be only one vision for it's future followed and that path has likely already been determined.

[jdepape]

Why is there so much interest in farmer ownership of CWB?

First - farmers don't own CWB, nor any of its assets. It's all owned by the crown. The railcars, the office building, the lakers. All of it.

Thinking farmers own a stake in CWB based on previous sales is like thinking you own part of Canada Post based on the number of stamps you've bought over the years.

Why do farmers think they need to own grain handling assets? Do they see big profits earned by the graincos and want a piece of that? I've seen farmers invest in local inland terminals for that very reason, but then don't delivery TO THEIR OWN ELEVATOR because they can get a nickel a bushel more elsewhere. Do they think that, as an investor, they can reap big profits while - at the same time - as a farmer get better prices?

If it's investment in the your industry you're looking for, invest in ADM, or Potash Corp, or CN, or Weston's.

But if its control you want and you have $100,000 burning a hole in your pocket, invest it in your own operation - use it to market better.

[bucket]

Forage

200 million is just a number I use. But whatever the winning bid is by adm. It goes to the cwb account not the government and that money stays with the cwb and becomes part of the deal.

You know how Vader use to talk about zero sum games. Well this is a zero cost game.

It costs the purchaser nothing to buy the cwb because they keep the money.

[bucket]

That's right. Invest in adm because they are getting a large handout in the next week.

[bucket]

Forage

Farmers are getting sweet **** all out of the sale of the cwb.

The advisors said marketing freedom and letting the railways and grainco do what the **** they want is payment enough.

[cottonpicken]

Tin foil hat?What the cwb was?

For those that follow this stuff mf was a big deal.Thankyou for proving my point by using them both in the same paragraph.

My dream of what the cwb could become was a pipe,and i knew it when i thought it.Doesnt mean i was wrong though.

Waste of time thinking and arguing about.

Hmmm....but what entity could manage a trading block of individual shareholders of say a railroad company and said block votes united in their best interest of the management of said company...hmmmm....oops there i go thinking and giving a shit again.