Louis Dreyfus in Yorkton

[agstar77]

Mitsui of Japan is investing 30 mil in the plant to be constructed this spring. It is interesting to note Mitsui has purchased 100,000 hectares of farmland in Brazil to insure a supply of soybeans and other grains. Will this be the future of Agriculture in Canada? Would you like to be an employee of Mitsui? These questions should be a subject of discussion in farm communities. Considering the large investment and risk of Agriculture maybe is the way we should go.

[kamichel]

If I sold farm land to them , no I would not want to work for them because I would be retired.
If they built a crushing facility and I was into that type of work yes they would be paying some great wages and be great to work for.

[cropduster]

Aggie.......do you think they`d be dumb enough to invest here on the production side of things where we/they are being screwed out of 2plus dollars per bushel on our/there product????????????They invested there in production where there is a free market.Here on the processing side because they can benefit from the screwing we are taking!We don`t have the proper options under the board and never will until we have complete freedom!

[kamichel]

Enough of this CWB bashing already.

[just_wondering]

I have often thought of it Agstar would I farm if I was not the Boss?
I guess we all do have that option there are farms out there that require full on farm managers and farms that need someone to only know how to fill the air seeder and turn on the GPS.
In Australia I have friends who are neighbours of a farm owned by a pension fund and the farm pays them 10% on their money. These farms have an advisory team that consists of Agronomists, Accountants, and professional commodity marketers.
The fellows that I talked to were very happy with the setup, it's not for everyone , but then again I don't think they would hire everyone.
I have many friends who are miners, oilmen family in the north that work in the forest sector, most of these guys left the farm to make more money or in some cases they just liked the reliability of it all. Work your 40 collect your paycheck go home.
Working for THE MAN.

[northfarmer]

first of all, screw the CWB, there will never be enough bashing of this archaic collectivist organization till it ceases to exist and we finally have freedom....

on the Yorkton deal, I am not buying what you are selling Agstar....i will not succumb to your fear mongering tactics and conspiracy theory bullshit...this is a call right out of the cwb/nfu playbook.....

if primary production ever becomes profitable enough in a "free" market environment to have companies like this even want to invest in land and crop production, if they legally could, in western canada there will be more than enough capital put together for the current players in the field (pun intended) to take on the acres and make the money, and those unwilling to step up will be paid handsomely in rent or sell out if they so wish.....likley to one of their neighbors...not some japanese based trading company

[kamichel]

In Sask. we have some farmers deciding to sell to Alberta investors and rent the land back so that is not much different as any other foreign investor from outside Canada. Although I believe state owned enterprises should be scrutinized more such as chinese businesses.
http://www.tsx.com/en/market_activity/news_releases.html
buiness news 17;53 ET

[parsley]

Forign ownership is very different from domestic ownership.

What about Iraqi ownweship?

Cuban ownership?

North Korean ownership?

[agstar77]

Profitability has nothing to do with purchases by foreign companies . Its all about assurance of supply. They are worried about sourcing product. Even your " NEW" government is concerned, talking about controlling foreign takeovers. With all the concerns over climate change,the large populations in Asia and increase in production costs why wouldn't they want to assure supply by buying primary production?

[gregpet]

So why then, Agstar77, would they want to purchase canola that is processed here and not purchase the raw product? Even if they own part of the facility how does this assure supply? All they need to do is pay a premium and the products will go to the highest bidder. I know this is counter intuitive to the CWB mantra that many sellers will 'bid the price down'(although I am yet to see this happen in the real world and not just in the minds of CWB directors), this new capacity will have to pay to attract our product. The open market can send out pricing signals that our product is in demand unlike a best guess (CWB pro) at what I may receive in 18 months.
Let them invest in opportunities here and not abroad. Create all the direct and indirect employment here, stimulate our economy, give me more options in a free market.
Let them invest in milling opportunities and malt projects here so that ... oh I forgot who wants to with the current archaic system in place. Time for a change.

Oh yeah,screw the CWB.