The CRIME OF THE CENTURY... just occured... and Vader is grinning all the way to the bank/pool/contingency fund... depending which pocket he uses!
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Bakers Lobby Against High Wheat Prices....
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The crime of the century!!!! I guess it has been a pretty mild first decade in your part of the world Tom4cwb.
getting back to the original post about US bakers begging for relief from the highest prices of the century!!! and to our Honourable Agriculture Minister Ritz trying to figure out how to get the same kind of relief to feeders, I was wondering how our cwb directors feel about the mandate within the Board Act recognizing the importance to secondary processors et al and the boards need to accomodate them.
How far should that go to the expense of farmers? Is there a process by which the permit book holders can have a vote to determine our willingness to put grain farmers needs as the only priority of our board? Have there been arguments made concerning those same grain users as are complaining in the states having the same right to approach the Canadian government for relief?
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Tower,
How likely do you think it would have been... for MGE March 08 wheat... to have been squeezed to $25/bu... if individual CDN 'designated area' growers had been allowed access to that market?
No WAY it would have happened.
5mmt of Canadian supply of high quality milling wheat would have cut what $8/bu off the top?
And what would have been so bad about that?
New Crop would not likely have changed much in Dec... just major grief and pain would have been avoided... in many grain futures... if the CWB distortion had been cut.
Now if we have anywhere near normal weather... the allure of $25/bu wheat... is in every growers mind... right around the globe.
And who will pay... Tower... when the CWB complains again... that their is too much wheat... and that is why they (the CWB) can't get a decent price.
The 'designated area' grower will pay... as our wheat sits in the bin... and consumers switch to other edible products... Demand drops... and we on our farm loose 100's of thousands... to keep the CWB and big millers happy!
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