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Westlock AB CWB Forum

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    #21
    Braveheart;

    I see no reason for the CWB sales dept to ever reveal market positions or hedges to directors... These are simply functions of pricing by farmers when these farmers deliver to the CWB... or CWB flatening positions if customer consumers want to pre-price future purchases.

    THe CWB has no right in law to pre-price grain it has not contracted... therefore no decisions ever should involve CWB directors!

    If the PPO contracts are simply a function that reflects market conditions... as the market changes so will the contracts... there is no place for Directors to skim using PPO contracts...

    Unless the CWB is distorting the market through PPO contracts... then this is fraud... so legally it cannot happen anyway!

    The CWB creating PPO contracts by fraud... is not a good excuse to implement a conflict of interest clause to stop CWB Directors from using the PPO contracts.

    In fact the opposite is the case!

    Integrety proven by a CWB marketing system that provides insurance of fair trading between PPO and Pools is a very good reason the CWB directors should be involved in PPO Contracts... to insure fraud does not happen!

    I agree this is a tough subject... it requires real intense "thinking outside the box" brain twisting... simply because we have a monopoly marketing system trying to imitate the normal market signals of a supply demand driven commpetitive system!

    Braveheart, Charlie, Chaffmeister and LarryWeber... I would appreciate if you folks would think through what I am saying here... how exactly does the CWB monopoly create a cash market that expropriates my grain at Fair Market Value... unless it has proven integrety that the trade is at FMV?

    If in fact PPO contracts are trades at FMV... how could a CWB director benefit or skim using them?

    Comment


      #22
      Quick question. Can a director for Agricore United contract with that company (basis, ddc contracts, etc.)? Are there rules on futures and options trading?

      Some of you may want to read the conflict of interest guidelines (http://www.cwbelection.com/printerfriendly/CandidateInfo5.htm). Interesting as to the standards directors are held to.

      Comment


        #23
        Charlie;

        I know a few years ago... AWP Directors were ONLY to do business with AWP... and not anyone else!

        My understanding is that all contracting options open to any other farmer... are open to farmer directors.

        This I believe is proof that the Auditor Generals critisism that the CWB Directors are involved in day to day CWB business is obviously still not being taken seriously!

        AS I have said many times in the past... the CWB's #1 job is to facilitate sales for "designated area" grain producers... not make these sales themselves without our permission!

        Until the CWB understands that this is what the CWB Act requires... and legally requires of the CWB... the errosion of trust in the CWB... and frustration with CWB sales activities (timeing of sales in particular) the CWB will continue in the self destruction mode...

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