Parsley;
I must respect MS. DuPont... as the presentations on Risk Management she made are logical, sensible, and clearly work ant Enbridge.
Now what about Risk management at the CWB?
My assesment is that the CWB PPO risk strategy is developed to "Maximise Pool Returns" while taking maximum advantage of "designated area" wheat growers who try to use PPO's.
Risk created in these contracts cannot be found in any other grain contract in western Canadian agriculture today...
THE CWB IS COLLECTING THE GAINS ON THE DROP IN THE FUTURES, AND THEN RESELLING THE PPO BACK INTO THE POOL ACCOUNT, AT A GAIN TO THE LOCKED IN FIXED PRICE CONTRACT VALUE.
THIS CWB ACTION in using, PPO contracts,
...is at the expense of PPO contract holders...
...and has been the general experence in each year these PPO contracts have been operated by the CWB...
It would be very helpful if the CWB would explain why they will not admit real risks exist in PPO contracts, and help their own farmers mitigate these risks...
... instead CWB staff in charge of these programs have been...
...telling me;
"If you don't like the risk the CWB PPO contracts create..., deliver to the CWB Pool Accounts..."
CWB actions such as the above statement indicates... are abusive, arrogant, and an invitation to civil unrest.
NOW CWB RADIO and MEDIA P. R. on PPO contracts further insults the intelegence of those farmers who simply need minimum price contracts and real cash prices... avalible to contract to the CWB... on October 31st instead of July 31st...
What an exercise in frustration...
The GOOD WILL for the CWB is running low and thin... since the CWB treats we farmers in such pittyful disregard with the PPO contracts... how exactly are we to expect anything but a simular disregard with CWB management of the pooling accounts?
I must respect MS. DuPont... as the presentations on Risk Management she made are logical, sensible, and clearly work ant Enbridge.
Now what about Risk management at the CWB?
My assesment is that the CWB PPO risk strategy is developed to "Maximise Pool Returns" while taking maximum advantage of "designated area" wheat growers who try to use PPO's.
Risk created in these contracts cannot be found in any other grain contract in western Canadian agriculture today...
THE CWB IS COLLECTING THE GAINS ON THE DROP IN THE FUTURES, AND THEN RESELLING THE PPO BACK INTO THE POOL ACCOUNT, AT A GAIN TO THE LOCKED IN FIXED PRICE CONTRACT VALUE.
THIS CWB ACTION in using, PPO contracts,
...is at the expense of PPO contract holders...
...and has been the general experence in each year these PPO contracts have been operated by the CWB...
It would be very helpful if the CWB would explain why they will not admit real risks exist in PPO contracts, and help their own farmers mitigate these risks...
... instead CWB staff in charge of these programs have been...
...telling me;
"If you don't like the risk the CWB PPO contracts create..., deliver to the CWB Pool Accounts..."
CWB actions such as the above statement indicates... are abusive, arrogant, and an invitation to civil unrest.
NOW CWB RADIO and MEDIA P. R. on PPO contracts further insults the intelegence of those farmers who simply need minimum price contracts and real cash prices... avalible to contract to the CWB... on October 31st instead of July 31st...
What an exercise in frustration...
The GOOD WILL for the CWB is running low and thin... since the CWB treats we farmers in such pittyful disregard with the PPO contracts... how exactly are we to expect anything but a simular disregard with CWB management of the pooling accounts?
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