Padron,
It is sad to see the CWB go backwards in some cases on flexibility on PPO contracts.
There should be no reason growers can't forward contract 06 grain for 07 delivery... like we can with the pool system. For a number of years this was accepted.
The liquidation of these FPC are not fair business practice, and the CWB should be dragged before a securities commission for breach of trust.
Keeping futures profits, while at other times paying them out... like during a CWB election period... shows just how these folks have lost touch with the real world of respect and trust for farmer customers.
The CWB fails to honour their own contracts that say the producer is responsible to "compensate the CWB for its actual losses incurred"... when in fact the CWB instead structured the charges to extract maximum liquidation possible.
Somehow this does not reconcile with maximising the returns to the producer that seeks to do business with the CWB in good faith.
Little wonder... as long as the single minded mangers rule and hurt grain growers as much as possible whenever they can get away with it. This is not Integrety.
Restructuring the Titanic is difficult when single minded managers can't even decide what to do with the deck chairs!
It is sad to see the CWB go backwards in some cases on flexibility on PPO contracts.
There should be no reason growers can't forward contract 06 grain for 07 delivery... like we can with the pool system. For a number of years this was accepted.
The liquidation of these FPC are not fair business practice, and the CWB should be dragged before a securities commission for breach of trust.
Keeping futures profits, while at other times paying them out... like during a CWB election period... shows just how these folks have lost touch with the real world of respect and trust for farmer customers.
The CWB fails to honour their own contracts that say the producer is responsible to "compensate the CWB for its actual losses incurred"... when in fact the CWB instead structured the charges to extract maximum liquidation possible.
Somehow this does not reconcile with maximising the returns to the producer that seeks to do business with the CWB in good faith.
Little wonder... as long as the single minded mangers rule and hurt grain growers as much as possible whenever they can get away with it. This is not Integrety.
Restructuring the Titanic is difficult when single minded managers can't even decide what to do with the deck chairs!
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