It's interesting that after the barley Court decision Ken Ritter was quick to come out and say that the status quo was not an option for the board and that they would be developing more and better options for producers. 3 months later we have not heard anything. Only reinforces the fact the CWB thinks it's more important to imply they are concerned than actually doing anything.Reality is the pro board supporters think everything is just fine. No one seems to think that transparency, consistency and treating everyone on equal footing are important criteria for moving forward.
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Craig,
$70/t out on CWRS/wht Basis.
Blocking International Feed Barley sales at $300/t.
$6/bu short on durum sales.
CWB single minded managers/directors have lost any sense of reality. They are obviously destroying the CWB.
The Jolly Rodger's Captain has lost it...
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Tom, the NFU would disagree with you. They claim:
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“So this means that a Canadian farmer selling durum through the CWB in August, 2007 will receive about $11 a bushel at the farm gate for durum, while our US colleagues were selling their durum for less than $7,” Wells stated. "
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Parsley
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Parsley,
The Canadian Durum grower could have sold to the CWB @ $7/bu, or $5/bu... just the same as the US grower.
This NFU logic is denial of obvious reality at best, but simply deceptive and arrogant communism for the most part!
Obvious "Pro bono" feed policy abusers that have padded their bank accounts for decades at the expense of "designated area" grain growers, commercial farmers who see the need to build a prosperous co-operative community and family relationships.
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from wild oats news letter
how many of you left wheat in the 06 pool?
From the Floor
Opinion derived from traders on the Winnipeg Commodity Exchange
Price pooling can be a sensible marketing strategy. You get the average price of all sales and don’t have to do any marketing work or take any marketing risks. That’s not bad. Pooling is one of the pillars of the Canadian Wheat Board, and the justification for compulsory participation.
Yet high priced sales of 06 wheat made by the Board in June and July, 2007 were not allocated to the 06 pool. They were allocated to the 07 pool because every farmer with a choice opted to take their 06 wheat into the 07 pool.
These farmers were smart marketers. They played by rules available to every farmer. And they netted about an extra 50 cents a bushel. Pricing 06 wheat in the 07 pool was one of those marketing opportunities that only comes along only a few times in a farmer’s career.
The CWB, however, is operating compulsory wheat price pooling and, at the same time, providing Producer Pricing Options that deprived 06 producers from participating in the only 2 good marketing months of the 06 crop year. What kind of pooling is this?
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Street Smart - Danny Flinchbaugh
I can’t think of a worse time to debate a new Farm Bill than when you’ve got $3.75 corn, $8.50 soybeans and $11 wheat.
Danny Flinchbaugh is a ag economist at Kansas State University.
[Contents]
Wild Oats is published 40 times per year by Wild Oats Publishing, 846 - 167 Lombard Avenue, Winnipeg R3B 0V3. Tel. (204) 942-1459 Fax (204) 942-7652 E-mail: wildoats@canadagrain.com
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