06-07 CWB Prices

[SASKFARMER3]

Check the USDA average price vs the CWB and guess what they were close last Aug then they started to loose ground .50 by Christmas and from April to July the train fell off the Tracks. So did they provide favors for their usual Top paying customers (that's a Joke) or they felt a huge crop was coming (again great reporting By CWB Staff) so they blew out all we had in the bins for $1.40 less than the Market was giving US Farmers!
USDA CWB


4.23
4.47
4.17 4.14 August 06
4.16 4.06
4.52 4.30
4.49 4.30
4.49 4.25
4.54 4.25
4.73 4.25
4.74 4.33
4.85 4.33
4.97 4.33
5.18 4.33
5.44 4.19 July 07

Home much more incompetence do they have to do before all farmers realize that this useless organization is finished.

[SASKFARMER3]

So the average is USDA $4.69 over the year. CWB $4.25 for the same time period. So by this comparison the CWB cost Canadian Farmers .44 cents a bushel on our HRS or our final should have been another $16.00 a tonne. So on Your farm how much did they cost you to have the CWB its easy math any one with a calculator can do it. Take your total production for 06 - 07 crop year that you sold and multiply it by .44 cents that's what a premium would have looked like!!!!!!!!!!!!!!

[lesm]

SF3, not sure if you took exchange rates into your calculations but the average was 1.13 for that time period. Could have bought a new 350 Ford diesel and blown it up and not been any worse off.

[bsigg]

wmoebis,

I would like to thank you for costing me $75,000 per year in extra freight costs, for supporting the removal of the crow rate and crow benefit.

It would appear that your not concerned about a farmers bottom line at all. Your plans to eliminate the CWB are no different and the impact will be no different. You want lower prices for farmers.

[nw9flynn]

wmoebis,

i can't beleive you still support the cwb....

they have been a joke these last two years. Even I converted a long, long, time ago...

let those who want to cwb join it in a voluntary pool...let those of us who want to particpate in the open market do so...

[bsigg]

nw9flynn,

How do you suppose a voluntary pool will work?
Harpers own task force report says that a dual-market is not possible.
Harper has not shown a business plan to the CWB nor has he promised financial support to purchase an export terminal or grain elevators—things that are essential to operate in a dual-market, even with them, there is no guarantee that it will survive.

Without elevators or export terminals the CWB would be forced to use their competitions infrastructure to handle and transport the grain, how would that work exactly?

Apparently Harper doesn't think a dual-market will work, he just hopes farmers will fall for it so he can rob them of their marketing agency. It is just the people who don’t want the CWB at all that promote such nonsense, because they know that options 2 and 3 on the ballot are the same thing—an open-market with NO CWB.

[Incognito]

bsigg: You grow 2400 MT that moves by rail? I'm curious how that 2400 MT breaks down by grain. Care to disclose the 75K or is it commercially sensitive?

I see you bot into the lie that the CROW was going to be paid in perpetuity that was fed to you via the pools, the weekly farm rags and the left.

[wmoebis]

It is not that I am pro or anti wheat board or, if I want choice. I don't want, to see big mistakes made that the farmers of today and future farmers of tommorrow will have to deal with, because the best interest of producers wasn't the priority.

If the CWB isn't extracting the top dollar and passing it back to the producer then the Minister, and there have been two(2) pro choice ministers, Mr Strall and Mr Ritz who should be after the board and rolling heads.

The CEO is pro choice as is a lot of the board, if they are sitting there not extracting maximum returns and passing them on to farmers they should be dismissed. As this is not happening I have to believe that our elected and appointed Ministers and board members are working within their mandate and doing their job. I can't believe that Mr Harper and Mr Ritz would be allowing the Board to sell below the world market or keeping those returns from producers. Unless, they have a different agenda in mind.

First off we should be reassured by the Minister, that the Board is extracting max returns or not, then he should make changes if need be this would have to include dismissing all even his appointed members.

This would get rid of any question as to whether we are getting as much, averaged over the year as foreign producers, whether that is USA, Aussie or EU farmers. The responsability to make the assesment lies in Ottawa not with fellow farmers who have family and friends in the USA. or numbers we read in the market posts that say they are getting a higher return for equal product.

The first action Mr.Ritz has taken is try to rid the grain merchants of any liability through bonds and lisencing. I don't feel this is very responsable or in the farmers best interest. Any one who has been ripped of by unliscened buyers or processors will know what I am talking about.

The people at the Wheat Board have a job to do, they are human beings, make mistakes and have to live with those mistakes and seldom here bravo for a job well done. What would it look like if Monday morning, none of them showed up to work, ALL QUIT. Would the grain giants of the world come in and take over. You bet they would, but would it be with our best interest at heart or would it be their shareholders interests in their minds. Anyone that says this would be a dream come true, rethink. That, could be tommorrow AM.

I too made up my mind a long time ago as to the grain marketing situation.

My mind set is this: Yes, there has to be changes made in the whole grain handling and marketing system to maximize the producers returns and to make todays and future farming viable and stay outside corporate farms. If that is changes within the CWB itself then, let it happen. If that is disbanding the CWB, let it happen, but either way it has to be done "in the interest of producers" and with proof and and all avenues carefully reviewed and as a risk management tool, we need a back door if changes fail.

I truely believed (past tense) that Mr. Harper and his appointed Minister would work in the best interest of producers. Either this is not the case, because we are still hearing the USA farmers are getting more for equal comodities or, they have seen that the CWB is doing it's job and have to look at other ways of dibanding farmers so their corporate pals can get their way. Which way is it? They have had lots of time to do their jobs and the CWB according to some is still getting below world/market price.

With the prices that the USA farmers are supposably getting why are the people of the USA still allowing huge farm subsities, while being trillions in debt. Farmers down there should all be sustainable enough that they don't need subsidized and I don't believe the common voters would put up with it or that farmers want govn't hand outs for no reason while their country is running an unrealistic debt. Ther fuel is cheaper their fertilizer is cheaper they sell every bushell for way more money. They live in a dream world and the tax payers give subsities too? Who do I believe Mr Harper and Mr. Ritz or the american farmers.

I was once told by upper management of a government agency,that the very people that were to be looking after the "interest of producers" beliefs were "that producers were only suppliers to the agriculture industry". I remember that because in my mind without producers there is NO industry.

This old cat smells a RAT.

[chaffmeister]

bsigg:

Why can’t a voluntary pool work? Seems that everyone that says it won’t work thinks myopically that this voluntary pool must have a fixed price as an initial payment. Truth is, the CWB has nothing to do with setting futures prices, just its own price relative to futures – therefore, it sets its own basis. So the voluntary pool could be set up so that the Initial Price is an Initial Basis. You join this voluntary pool because you believe that there is good value in the basis – and you price on the futures at your own discretion – or you get the CWB to do it for you.

I find it ironic that CWB supporters (open market detractors) find fault in just about everything the open marketers have to say ----- EXCEPT when they say something that they can use - like that a dual market I not possible. I disagree with the task force – I believe - no, I know - a dual market is indeed possible.

Harper hasn’t shown a business plan because he & Strahl asked the CWB to come up with one (after all, that's their job). Rather than comply, the CWB chose to sic Mr. Measner on the media and anyone esle who would listen, trying to sway public sentiment. The end result was abject embarrassment for the CWB and its supporters.

Harper did not promise financial support to purchase a grain terminal because its not necessary. Tell me; if you think the CWB needs elevators to “compete” with what you call its “competitors”, how is it that A.C Toepfer has succeeded without any facilities? (FYI – A.C. Toepfer is one of the largest commodity trading firms in the world – and it got there without one brick and with no mortar.)

The only reason a voluntary pool or voluntary CWB wouldn’t work is because of a combination of high cost, inefficiency, and/or ineptitude - or all of the above. If this is what you are afraid of exposing, so be it. But at least let’s call a spade a shovel.

[nw9flynn]

a voluntary pool will work just fine. Producers can continue to pool their grain for a below mkt price...be paid in small increments with no regard for the time value of money...not know what the final price will be...and on certain years not be able to deliver all of their production unless they are willing to deliver to the feed mkt..

the current cwb system is a joke...if it is going to stay it needs a complete overhaul...