Wow what a gem,
The blind leading the dumb.
Earl says "The CWB's job is to market, NOT manage the farm"
Hate to burst your balloon there Earl, but,
the successful management of my farm revolves around my ability to profitably market the grain I grow.
The two, my dear Earl, are not mutually exclusive. The one is contingent on the other.
Has the lightbulb flashed over the top of your pointy head yet?
I din't think so.
Here's another gem of either pure ignorance or slimmy used car salesment speak. I'll let others decide for themselves.
Earl says of the "American Approach" to marketing: They have a system where there is an exchange in Minniapolis that sets the price, and that's the price.
An exchange which is open and transparent in which the rules are well identified and understood and whose function is to discover a price for it's specific contract. This is for a futures contract. The Cash market reflects this price but is influence by a whole host of other facctors. This is known in parts outside of the ghetto of western Canada as BASIS.
Not to be confused with the CWB's version of basis which as I have surmised in the past as having something to do with the last four digits of Earl's phone number multiplied by the number of farmers who tell a cwb phone survey person to FO then divided by the value of an unnamed CWB directors bar tab at Hy's.
Or maybe that was how they came up with the Freight Adjustment Factor but I digress. Futures price plus or minus the basis, is the price.
As opposed to the "Canadian Approach" which is neither open nor transparent, determined by a bunch un accountable pinheads working for a quasi government organization and where the farmer has little or zero choice in the matter.
The blind leading the dumb.
Earl says "The CWB's job is to market, NOT manage the farm"
Hate to burst your balloon there Earl, but,
the successful management of my farm revolves around my ability to profitably market the grain I grow.
The two, my dear Earl, are not mutually exclusive. The one is contingent on the other.
Has the lightbulb flashed over the top of your pointy head yet?
I din't think so.
Here's another gem of either pure ignorance or slimmy used car salesment speak. I'll let others decide for themselves.
Earl says of the "American Approach" to marketing: They have a system where there is an exchange in Minniapolis that sets the price, and that's the price.
An exchange which is open and transparent in which the rules are well identified and understood and whose function is to discover a price for it's specific contract. This is for a futures contract. The Cash market reflects this price but is influence by a whole host of other facctors. This is known in parts outside of the ghetto of western Canada as BASIS.
Not to be confused with the CWB's version of basis which as I have surmised in the past as having something to do with the last four digits of Earl's phone number multiplied by the number of farmers who tell a cwb phone survey person to FO then divided by the value of an unnamed CWB directors bar tab at Hy's.
Or maybe that was how they came up with the Freight Adjustment Factor but I digress. Futures price plus or minus the basis, is the price.
As opposed to the "Canadian Approach" which is neither open nor transparent, determined by a bunch un accountable pinheads working for a quasi government organization and where the farmer has little or zero choice in the matter.
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