Wednesday With White

[parsley]

The CWB does not seem to be easily obvious/transparent about the movement of funds from pool to pool; from contingenncy fund to pool; from pools to special account; about money from heaven.. to heaven knows where.

In other words, farmers following their money find it has become a game of hide and seek, at times.

Could there be some effort made to quarantine the movement of farmers' money unless it openly disclosed and fully noted on the financial statement?

Parsley

[chaffmeister]

In 2006-07 the Contingency Fund went from $44.3 million to $9.2 million - a net loss of $35.1 million, mainly due to PPO losses of $38.6 million.

In market volatility and range of price movements has been much larger in 2007-08, leading to the educated guesstimate that the PPOs will lose much more this year - if they are still managed the same way.

If the PPOs lose more than the $9.2 million left in the Contingency Fund, how is the deficit managed? Since it can't come out of the pool accounts, where does the CWB get the cash to pay off the losses?

[GrainBeetle]

Do you really think Ian has time to waste reading this crap? "Shouldn't he be spending his time selling your wheat Parsely"?

By the way how many Mayo S's are logged on here? Is M.S. going after Ian? Do you know Ian "used" to run AGPOGRAIN.

[parsley]

Well, IW,

I am presuming GrainBeetle is a Taurus, and is having one of his ferocious temper tantrums, but look for the best qualities instead, will you?

My Best, Parsley


TAURUS - The Enduring One (April 20 - May 20) Charming but aggressive. Can come off as boring, but they are not. Hard workers. Warm-hearted. Strong, has endurance. Solid beings that are stable and secure in their ways. Not looking for shortcuts. Take pride in their beauty. Patient and reliable. Make great friends and give good advice. Loving and kind. Loves hard - passionate. Express themselves emotionally. Prone to ferocious temper-tantrums. Determined. Indulge themselves often. Very generous.

[Burbert]

Parsley, Your good ol' buddy White apparently is not checking his Angriville email site!
Is it possible that he is not up to the punishing/brutal confrontation that you marketeers are setting him up for? Maybe he isn't tough, or is it simply more CWB arrogance, teasing you, telling you that he wants to reach out and be friends with everybody! While quietly tearing the entire system down...... doing Harp's bidding! What say you eh!

[LWeber]

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[charliep]

My question would relate to how Mr. White sees his role at the board of directors table and the role of chief executive officer in charge of the operations side of the CWB. Will have to check with others but in many organizations, the CEO does not have a seat at the B of D table.

Will note that in about the first week on the job, Mr. White was the one who made the announcement about the dropping of the DPC program and the promise of a new program. It would be interesting the note the interaction of the B of D (role criteria related to the strategic direction/measures of performance) and the development/announcement of the new program (operations).

[charliep]

I would also highlight chaffmeisters question about the contingency fund and how funded. You can likely add on the contribution from revenue sources (a net loss of $48.7 mln - page 43 annual report) and the CWB has close to an $85 mln loss from risk management strategies (all reported in the annual report).

Based on previous performance, my question would relate to Mr. White's view on risk manage with regards to pricing pools and producer pricing options.

[parsley]

As I commented earlier, Ian White indicated he did not have time at the present time to reply, but he did also say he would read the entries from time to time.

His participation will naturally hinge upon what is posted.

It's a little like sitting down at coffee row together. If you're rude, he probably won't want to join you again.

If farmers really have nothing to ask him, so be it.

If you want to be insulting, so be it.

If you want to ask some intelligent questions, so be it.

However, this IS an opportunity for farmers to have their comments read by the CEO of the Canadian Wheat Board.

It is an opportunity parenthesized by a time frame. If you pride yourself on acting stupid, why would be tune in?

This is YOUR opportunity.

Your comments and questions posted will reflect who you are.

I would suggest you use this thread to and for your advantage, to benefit farmers and agriculture.

Many of you complain you do not like what is happening in farming.

Here's your opportunity to make some suggestions.

Parsley

[rockhound]

Mr. White may I suggest spenting some pool money on hiring some open market expertise to consul with our marketing and sales teams and the board of directors to ensure some personal mindsets are not interfering with farmer profitability in the present monoploy setup.
The CWB monoploy is duplication of grain marketing that is already in and has always been in place. The wheat board is just a middle man that is extracting $40 to $50/mt from farmers that would other wise would go to farmers if we were under a voluntary competitive marketing system.
Thanks from your enslaved supplier.