WE ARE THE LAUGHING STOCKS...AGSTAR77!

[TOM4CWB]

Agstar77,

In February… I sat and took the grin (AND THE AMUSMENT of WHAT FOOLS we ARE)... of an international miller... as he pointed out that the CWB would supply all the high quality milling wheat... and retain/reserve it for them... at no cost... while the rest of the US growers swept out their bins and cashed in on the highest prices in history.

WE 'Designated Area' wheat growers are the residual suppliers... that fill in these millers supply gaps... because the logistics of taking delivery from us are so crude, we are forced to hold the high quality milling wheat reserve... and are taking a hit of inventory loss of over $400/t on our carry over wheats.

Why should anyone give the premium prices to 'designated area' growers... when the miller knows the CWB sticks the premium in the pool... and no grower will ever see it anyway!

Wait for 2 months... and CWB high quality milling wheat will be flowing at just as high a rate @ $450/t... as it did when the CWB offering price was $950/t.

There was no real incentive for any international miller to buy Canadian Wheat Board milling wheat stocks... the CWB had discounts in place and assured delivery (Such as Canada can deliver)... for summer fall delivery. And what commercial 'designated area' wheat grower can do anything about this?

NOT ONE THING.
WE ARE STUCK... with the $400-500/t discount... and the international miller grinned as we talked this through.

This is our insane marketing monopoly at its finest. Every miller knows/knew in Feb/Mar. as the US crop is harvested this spring in Texas... then Kansas... that our CWB milling wheat prices would drop like a rock, except for you Agstar77? The CWB already told everyone logistics were maxed out... so higher prices to 'designated area' growers simply were not offered... because there was no way for our system of logistics to deliver... and no need in any event to offer the higher prices!

Just like for Malt barley! Why pay growers in the 'designated area' the l'st $100/t premium... when the end user gets no better value or service... because of CWB pooling... and just wastes that $100/t...

They know if they are just a little patient... in a few weeks or months... the CWB will always arbitrage down the price anyway! The CWB HAS NO INVENTORY COST... because the monopoly prevents growers from that portion of our due diligence returns.

$50/t is absolutely pocket change... to what true costs for us as 'designated area' Barley, Wheat and Durum growers are paying... Aggie.

Give your head a shake... Open your eyes for just one second!

ANd so every other buyer... in every other crop... knows this is coming on new crop Board grains...

and,

Guess what Aggie... they have no good reason to bid up our fall prices they will pay us!

If it weren't for Canola...

we would be totally up the creek... because Canola is traded internationally in an open market...

and we growers get the arbitraged prices (Except the grain co's can easily put the shoes to us on the basis without a basis contract)!

[agstar77]

I guess you cornered the market on cheap fertilizer, too!!!

[furrowtickler]

Nice come back aggie, what a thoughtfull respnse.

[wilagro]

Tom, I would say that you anti-CWBers believe that the first pigs at the trough should get the most benefit, the best feed, and the most of everything.

You don't believe in "pooling" because someone is getting some of 'your' money...some of your advantage because you are bigger, and faster, and smarter, and more deserving.


You don't need "no stinkin' badges"...remember that movie routine in "Blazing Saddles"...and you and your supporters, "Don't need no stinkin' CWB" to garner the most return.


Am I correct in my assumption?

[FarmRanger]

You really don't get it do you Wilagro.
Setting aside the very debatable claim that the CWB gets premium prices for anyone, how can you justify forced pooling in a free democratic country? If there were property rights guaranteed in our constitution this disfunctional violation of property ownership freedoms wouldn't be happening, period.

[parsley]

You pinpointed the exact point, FarmRanger....property rights.


You either believe in them or you do not.

No pissy half way.

wilagro, I have only to assume, if you truly believe what you are thinking out loud, that all incomes from all farms should be forcibly pooled; in which case, you would be much happier in a different country that does not advocate free enterprize.

Parsley

[mcfarms]

reminding all again there are no property rights in Canada, thats the true issue.

[mcfarms]

Glad to see you understand the real issue Farm Ranger

[cchurch]

Property rights are not given constitutional protection in Canada or the U.S.

[FarmRanger]

U.S. Declaration and Resolves of the First Continental Congress, October 1774
1. That they are entitled to life, liberty, and property, and they have never ceded to any sovereign power whatever, a right to dispose of either without their consent.

U.S. constitution 5th Amendment:
...nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.

Amendment 14
nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.