New crop barley

[charliep]

just_wondering

Not sure answer to your questions. I know from contacts information will be presented at the CWB board of directors meeting late Nov. (November 26 I believe). There is still time to increase knowledge and provide guidance. Would encourage all to contact your farm business representatives and directors if you want clarity/have specific recommendations. The decisions on these programs have not be made yet.

[craig]

Not surprising that the malsters are unhappy. In an open market system if they had offered reasonable pricing opportunities in the spring they would likely have locked up a large amount of their requirements at well below current prices. As usual the board has got caught scrambling at the last minute to address issues that have been there for quite some time. The malt industry is a prime example of how not to do business. They have milked producers for all their worth overtime by tightening specs but offering nothing in return.Many producers got tired of the one sided game and moved away from growing malt. At the end of the day if malsters and producers can't form reasonable and fair partnerships that benefit both sides then things aren't likely to change. The message is clear. There is no need for the CWB to be in the middle.

[TOM4CWB]

Craig,

The Maltsters wanted it both ways at the same time... and the CWB was glad to give it to them, on a silver platter, most of the time. Maltsters and the CWB wanted to take approaching $100 million from barley growers...

If the maltsters had instead been supportive of the market choice offer last spring... barley would have been likely deregulated right now.

I hear that malt capacity is very short globally, and it will take at least 3 years to catch up to demand.

Growers have take all the risk on weather... and everyone else is waiting to pounce & skim the big profit off the top...

A decent contract that shares the risk on growing high quality... only seems fair!