New CWB argument

[charliep]

A strange argument when a managers objective is to sell for good price on a given day and get paid. This is different from accepting the average price and then having that price discounted.

What seems to be lacking from the discussion is the cost of the program for managing CWB risk (not farmer risk). This is money that the farmer (not the CWB) pays which will never be seen again. If a farmer grow one tonne per acre and uses an EPO on 25 % at a premium of $26.75/tonne, their cost/acre has gone up by $6.70/acre. They also face the dilemma of making the decision today or Friday with big changes possible on the PRO Thursday.

[AdamSmith]

Not that this seems to a big issue for many, but I grew an American un-rgistered (in Canada) variety of wheat, still un-contracted and un- priced. On Monday this wheat was quoted in Bottineau ND at $8.25/bu.

So by Beingessner's logic am I not "smarter" than the cwb? because that price is better than the PRO which I'm not eligable to participate in anyway.

Too bad I'm one of those un-lucky farmers stuck with the single desk for single desk varieties only.

If you prescribe to Beingessner's logic, that is.

[TOM4CWB]

Charlie,

It is astonishing how much the trade likes the EPO system...

Always make a sale... no stress... easy come AND easy go!

[agstar77]

And how are you going to get your 8.25?

[Kodiak]

Agstar, in case you haven't done any business in your life, this is how its done. You enter into a contract with the buyer, deliver the product, and receive a cheque. It's simple and straight forward, and is a very commonly accepted practise in the business world. If you guys at the CWB could get ever past the ideological obstacles you place in front of yourselves and everyone else, maybe you'd understand. Of course you'd also need to replace your condescending arrogance with a bit of respect for individual farmers.

The CWB (and that of their ideological sould mates) arrogance is really something else. The CWB now predicts that the market highs are behind us for barley and wheat. Its a good thing they are so smart. I sure hope (only for their sake) they've priced the whole 2007 crop....and probably the 2008 one too. The rest of us who aren't nearly as smart probably still have some inventory. So unfortunately for us according to the CWB, prices are only going to go down from here on and if we aren't in the pool, we're going to lose. I hope the arrogance can make way for at least a bit of pity for the unwashed.

[parsley]

The only thing standing between the farmer and $8.25 is the CWB. They are like warbles sucking away on farmers.

They gotta go.

Parsley

[AdamSmith]

Agstar wrote;

(And how are you going to get your 8.25?)

Well maybe I'm just tired enough and to that point that I just don't give a damn anymore, and maybe I'm going to load my trucks up and drive for about twenty minutes, get to the border, show the fellas at the USA side my brokerage papers, drive for another 20 minutes, pull up to the elevator, dump my trucks, get a check, and drive home and deposit the check.
Maybe I'll just do that about twenty times.

Then I'm done.

I doubt the cwb will make an issue out of it, I doubt customs will make an issue out of it either because a little birdie told me that if the cwb makes a big fuss then probably all that will do, is cause a quick rewrite of the cwb act, maybe even a repeal.

Cool huh!

But then again maybe I'm just bluffing?

Nah! I wouldn't do that.

[cropduster]

Adam,the number is 877-554-2106!While we are there I also want to buy some cheap Ivomec product to bring back.Parsley`s analogy of the grubs is right on........IVOMEC is the best I`ve found to reduce the PARASITES on our farm!!

[BarleyGuy]

Mr. Beingessner really likes to be selective with his history doesn't he? Didn't mention that when the maltster was offering $4.75 the CWB was offering nothing, not even a PRO. Just another promise of what and see. Can he explain why a farmer would not want to lock in a price that was at a good premium to feed instead of going on faith in a system whose own feed pool that year finished higher than the 6 row malt pool and whose malt pools were well below non-board feed barley prices for most of the year?

If he believes so strongly in the CWB this year, is Mr. Beingessner willing to guarantee that the malt pool will be at a preium to both the Board and Non Board feed prices this year, becuase the CWB isn't willing to guarantee that!

[chaffmeister]

Selective with his history?! You got that right!

Beingessner is critical of those that sold too early in this rally - look at the great job the CWB is doing by not selling early like you fools....

He seems to have forgotten that the CWB sold way more 2007 malt barley way earlier than usual - like last fall. At way lower prices than current prices.

The whole approach of the CWB is to sell through the highs AND THE LOWS. So Beingessner's criticisms of selling early and too low are hypocritical if you ask me.