Post CWB

[Westside]

Now that there has been a few months of selling grain either through the CWB or on the open market Im wondering what everyone thinks?
Our experience with the open market has been great.Grain movement has been the best ever. Receiving full payment has dramatically improved cash flow to the point where it is the first time in my 35 year farming career where we will have all operating short term debt paid off by December. Some could argue that the strong prices have nothing to do with the CWB changes and that is true to some degree. But all things considered the post CWB era is a dream come true on our farm and something I never thought would happen in my lifetime.

[Burbert]

We younguns is pretty smart ain't wes.
Time will tell ifn the demise of the
Comedian Wheatie Bored, is a good thing
er not. Short crop has created current
good grain prices and rising Comedian
land prices. Yay for those about to
bail, cousin they are goin ta put the
screws ta the next generation of
Comedian framers, ya see weave turned a
corner, world now needs food and lots of
it. A return to a normal year noooooo
problemo, cousin the skys the limit in
Comedian framin!!!

[ColevilleH2S]

It has been terrible. Sometimes I have to wait for up
to 10 minutes to get paid in full ;-)

[Daylate]

Agreed!!! The cash flow is nice, and so is being able
to make decisions for my own farm based on my
needs. Like being able to put durum instead of
canola in bags and selling all my durum that's in
bags by December instead of mid Jan -40, 3 feet of
snow and bags destroyed by every uncaged animal
in Saskatchewan.

[Daylate]

And we don't have to put up with cwb buzz words
like intrinsic value or pooling premiums. Oh boy I
can't believe so many we're drinking their kool-aid.

[wd9]

The only one putting the screws to the
young generation Burp was the CWB!

Even in this 'short' year they should be
doing better then simple dollar cost
averaging, which they so far are failing
miserably at, if they were so amazing at
marketing.

News flash, they're not.

[parsley]

If the CWB was still sucking up your pooling
accounts:

Imagine all the ships waiting in Vancouver port,
lined up, three or four of them, getting paid full
CWB demurrage fees while they are being
refitted and giving sailors time off, saying,
"Farmers are such goats, but hell, they got lots of
money in the pooling acounts"


BC unions loved the CWB's money b/c it got
shovelled ight out of your bins and into the grain
handler's pockets. Every year. And the staff loved
it because they got paid like there was no
tomorrow; entitled. Directors who set up their
own export scheme got fed first-hand info and
favors by their ex-peers, aka spoonfeeding. And
remember when CWB bloats got to sit on the
MGX, playing the derivitive game where be put
$50M of your cash in the anti. Do you miss that
blind CWB dunce losing a few hundred million of
your barley money?

Take time and give thanks. CWB critters are no
longer circling.and if they are, they won't
comment or sign their name. Pars

[hobbyfrmr]

Agree with parsley.. The more I think about the
CWB, the history of their well paid employees,
demmurage, unionized grain handlers, everyone
soooo much smarter than the goats (farmers).

The crime of the century.

[bucket]

If they were in the ballgame, they
would be paying what the grain
companies are and the imaginary
premiums they talk about could be
paid as a final.

[TOM4CWB]

Westside,

I am happy to see the CWB work with producer car groups, and provide an option for those who choose to sell through them. It is great the CWB can buy Canola as well. For those who do not trust the private trade.

We too have paid off all our short term debt and have no cash advances. What a great experience... for the first time!

Cheers!

[hobbyfrmr]

Tom,
I agree with your points. Any farmer can order
producer loaded rail car through the Canadian
Grain Commission. The Canadian Grain Act
states that producers have priority on a
percentage of rail car allocations. It is not
necessary to sell through the cwb to get a rail
car in a timely manner. It is good to be free
to.choose what we see fit.

[wmoebis]

Has anyone had any experience with producer cars of wheat contracted to grain companies or just to the CWB?

[Westside]

Real time example
Contracted and sold 150,000 bushels of No.1-13% protien durum @$8.50 per bushel= $1,275,000.00
Price and Protien guaranteed Nov-Dec delivery.
CWB Harvest Pool
No.1-13%protien PRO $9.69 in store Vancouver or St. Lawrence. Deduct average freight and handling using CWB website for Sask. $1.61 per bushel. No price or protien guarantee.$8.06 net x 150,000 bushels= $1,209,00.00 total payments including interm and final. Of course the PRO is not guaranteed and any other payments do not have a scheduled payment date. The difference is $66,000.00
Cash flow Difference
Open market fully paid upon contract being filled.
CWB only initial paid upon delivery
CWB initial $7.03 per bushel. Deduct freight and handling $1.61= $5.42 net price
Cash flow
CWB cash flow total
Initial price $7.03 deduct again average freight and handling $1.61= $5.42 per bushel X 150,000 bushels= $813,000.00
Cash flow difference= $462,000.00

Our farm is going open market.

[parsley]

One farm.
462K in your pocket if you choose to get it. Easy
money That's what one choice provides.

And that is why so many socialists/ communists
fought so hard to prevent you from being able to
make that choice. Now they have to hustle
someone else.
Prob no CBC/CWB Grey Cup party on you guys
at 423 Main this year, I'll bet.

Have a beer for me, Westside. Pars

[SASKFARMER3]

West side good description, we have seen the
same thing, cash in my pocket, not wait and share
and wait some more.