Cashplus

[Vader]

Dividend - sry

[Vader]

Vadar
I have seen a contract and so did many during the WBGA convention. First page is BARI's name - Specs such as 80% plump
- Germ 97%min yet no price $$ per tonne -
subsequent pages are CWB contracts including last page where it is a typical CWB contact where it lists:
Germ 97% min
Plump 85% min
Tonnage amount
no price
LET ME REPEAT in the contract a good deal of us saw at the WBGA convention had no price attached to it.
And it was a contractual agreement between the producer and the CWB, - BARI had a cover sheet on top with just their specs nothing more.
Questionsfor you Vadar
1 - in the rush for the CWB to try to embarrass Minister Ritz at his meeting, the CWB only had verbal committment to tonnage correct? - the contracts that were shown were sent to those producers on Feb 14. These producers yes verbally committed to sign contracts, yet once getting them have all refused as the contract has no price attached to it, and as mentioned above was a contract directly with the CWB not the Maltster.
2 - 140,000 tonnes? Chaffmiester questioned you on this too, Minister Ritz says 40,000 - are you lying to your boss again? - Read the CWB ACT to see who your boss is.
3 - Our Canadian domestic maltsters openly continue to state that if they could work with producers with out you (the CWB) as a middle man they could be offering over one $$ more easily. Its easy to say that at the prices even CashPlus has offered that producers arn't interested - yet when we are being told publicly that we could be getting much much more then why would we sign with the CWB?
4 - at your last board meeting producer surveys were released - share with us the facts in those surveys. As your Chair stated almost a year ago after the barley plebiscite, the results closely mirrored internal CWB producer surveys from the past ten years regarding barley.
5 - toughest question for last Vader,
why is the CWB - a Canadian institution - trying to kill the Canadian domestic malting industry? Sooner or later unless you respect the barley industry and producers there won't be much left of either. With the current CWB blackmailing the maltsters into the CWB "our way or no way", you know we lost new malt builds, and have lost barley producers across the west that won't grow barley for malt any more. This is not a CWB debate anymore, when you threaten the economy of communities, provinces and a country. What an accomplishment ! yet WHY VADER WHY?

[Vader]

who is erik

[chaffmeister]

Vader:
(or anyone else)

Let's assume CashPlus mirrors the open market. Daily cash prices that are directly derived from the cash business going on. Farmers get all of the money maltsters are paying (except a little tookage to cover admin costs, but for now let's assume no one cares about that).

So tell us - how does this adds value to the industry?

[chaffmeister]

Vader:
About the bible with all the CWB sales in it - the one for you directors to see.

What does it show when the CWB misses a deal?

[chaffmeister]

Vader:
You say the competition is sold out. Not sure of the data you're seeing, but it doesn't jive with other information out there. Like the cash business that's going on. Like the futures business that is being reported as hedging (committment of traders). Also, many farmers are holding out for $20.00 in the jeans - even $30.00. (You see, they still have wheat in the bin.)

But what about the farmer who sold his wheat and replaced it with MGEX futures. Do you think he cares that "the US is out of wheat"?

How's that guy doing, being long March futures?

You see, the trouble with the CWB and its approach to marketing is it's one-dimensional.

[charliep]

Vader

Check the CWB presentation at the Crop Production week. Slides 14, 15 and 16.

http://www.cropweek.com/presentations/2008/2008-jan11-cwb-brophy.pdf

[Fransisco]

Rod/Vader said,
<blockquote>"I have asked that sales comparisons be provided to the board of Directors at each meeting. These are posted in a binder which is available for all Directors to see."</blockquote>

Francisco- Can I see it for myself?

Rod /Vader said,
<blockquote>"Each sale is compared to the relevant competition at the time of the sale. These premiums vary widely depending on the region of the world and who the relevant competition is. Some sales have very large premiums particularly in the case of top quality milling wheat </blockquote>

Francisco- So these numbers are not worked back to the farm gate then?

Rod/Vader said,
<blockquote>"You might ask some of our so-called "marketing choice" directors what their view is of the sales information provided for them.</blockquote>

Francisco- Are they free to share all of the information available to them with myself and other producers?

Rod/Vader said,
<blockquote>"In addition to the sales values comparison I want to our staff to generate a volume based comparison." </blockquote>

Francisco- Would I and any other farmer be able to see that one as well once it is done?

Rod/Vader said,
<blockquote> "THE CWB ROCKS!!"</blockquote>

Francisco- Actually showing us the sources of your information and your math would go a long way towards verifying whether or not that statement is true. I ask again that you please do so.

[Fransisco]

Rod/Vader I don't know or care who Eric is but I think he asks good questions that I would like to hear the answer to as well.

[hoppsing]

Erik, why should all new malt plants built to replace closing old U.S. capacity, or the serve the S.W. or Mexico, be built in Canada with a $25/tonne freight disadvantage. Oh,and don't forget that wonderful railway service, the abundant car supply and the railways tripping over themselves to ship cars south. Ya, right! And what about the Alta power,gas,and labour costs. There is no Alta advantage! The new plants in Australia also have a $25 freight advantage into S.Asia plus significantly lower energy costs.