CWB Annual Report Sales Price Comparison

[TOM4CWB]

Charlie,

It is interesting that the CWB can sell wheat they do not own, & that has not even been grown yet.

It is convenient to start pricing earlier... the natural economic inflationary drive of currency... in today's policy environment... means pre-pricing is cost minimization.

I fail to see how the CWB benefits growers by pre-pricing our pooled grain before it exists. All this does... is to lower the long term value of our crop...

I need an easy way, to reverse engineer the CWB pricing policy... so I can transparently understand CWB actions... and mitigate CWB pricing actions when needed.

I do NOT see how this is possible.

PPO's in no way transparently mirror what the Cash PRice the CWB gets for my grain. This is all I have ever demanded... a cash price. Todays price.

Where is it?

[chaffmeister]

charlie:
On the non-pool transactions where the CWB indicated it made $78 on 5,906 tonnes, I assume that is $78/tonne.

Do you agree? (It's actually pretty sloppy reporting if it is $78/tonne. If its not - if its actually just $78, why bother reporting it?

[charliep]

The $78 is in the notes for the financial and I assume placed there by the auditor. don't know why.

[winwin]

What are you guys trying to do?The high priests of our monopoly church have seen the SCRIPTURES-----THE BINDER!
It is for them-not you to understand and interpret.You must trust and BELIEVE.
Otherwise the inquisition may have to put more of you heretics in jail.That is how we make believers out of you:the fear of torture and excommunication.
If our church had to compete and you could chose then you would have to think.A reformation means the end of the glory of the Vatican on Main str.

[charliep]

chaffmeister

Have reviewed the statements and still have an answer about barley. They refer to the following in the last paragraph contingency fund section (page 81).

Quote: "Interest earning on feed barley totalling $1.9 mln were transfered to the fund (contingency - other review page 90. Finally, the profits on non pool barley transactions totallying $.08 mln (I assume $80,000) were transferred as well."

I apologize for confusion/a dumb question.

Liquidated damages are accounted for in the PPO statements. Pricing damages were $2.5 mln (page 73) on wheat.

EPO is also a net contributor to the contingency (page 73). Using wheat as an example, the users of the EPO paid $1.6 mln and the CWB cost was $1.1 mln. They propped up the contingency up to the tune of $500,000.

Will let CWB clients/owners review pages 74 for the results of the other pools. This can be compared to the notes on page 90.

[charliep]

Reading more, maybe page 90 should have been $78,000 (not $78). Would appear to be an error.

[redbaron]

Does the CWB still include interest from money owing from bad sales. Sales they are owed for. They used to have a lot of bad debt on their books.

[charliep]

Page 83 of the annual report outlines the outstanding debt from old sales. currently $1.3 bln. Note that Russian debt is paid off.

To answer the intent of your question, see the last paragraph.

Quote: "There is no allowance for credit losses, as the federal government guarantees repayment of the principal and interest of all credit recievables under this program".