CNCP v Grainco's PROFITS compared... Jackson Hunger Strike Day 26

[TOM4CWB]

Many have accused grainco's of huge profits... I have read here an Agriville.

I see the opposite. Slim profits have everyone hurt .... by the logistical nightmare caused by insufficeint service by our CNCP railways... and substantial financial pain grain growers are subjected to... because lost and delayed sales result from the CNCP failure to provide reasonable dependable service to export markets.

Background:
I see this on AGT:

You expect anyone to seriously take your comments as reality... when one of our major grain buyers went from a loss of $10M last year... to a profit of $20M on $1.35B in sales! These people are not making any reasonable profit... for the risks involved a reasonable person would be forced to conclude.

How any comparison with CP Rail 59 percent cost 41 percent RR running profit for 2014 (Vs 2012 75 cost 25 profit)... and the reported 62 percent return on regulated grain shipments in 2013-14 western Canada... simply defies logic.
TOM Jackson HUNGER STRIKE day 26.

"AGT Foods & Ingredients, previously Alliance Grain Traders, posted a 19% increase in revenue for the year ended December 31 to $1.357 billion and net earnings of $19.76 million vs a year-ago loss of $9.72 million. Cost of goods sold dropped to 90.3% of sales from 91.5 in 2013 and gross profit increased 36%. Earnings for the fourth quarter jumped 118% to $14.9 million from $6.8 on a 6% increase in quarterly revenue to $398 million. The Cana-Turkish company is in the midst of a diversification from raw pulse and other crop trading to value-added processing including consumer-ready foods." Agriweek report

[bucket]

It might be said the families don't report. They find ways like the mafia to launder through their vertical integration.

And viterra is making good money.

[grassfarmer]

You had better start eating again Tom, as it's obviously going to take you another 10 years to figure out who is screwing you over and start a lawsuit against them.
Shouldn't really be a surprise given that the same handful of grain companies have been trying to do it for close to a century.
"God bless PM Harper and his corporate cronies" LOL.
When will you ever wise up?

[TOM4CWB]

grassy,

Being belligerent won't buy my logical respect. Actual facts would help!

I went through Glencore/Viterra Financials... and the oilseed crushing business looked like a $2B increase in earnings... yet prices are down with revenue up it looked like 18 percent in line with other industry in our sector.

I see no indication of any windfall of profit in Viterra... such as is obvious at CNCP.

[foragefarmer]

Tom

Did your read Cargill's annual report?

[grassfarmer]

Try looking at what proportion of Vancouver price farmers are getting now versus pre "marketing freedom" and you will see the difference is considerably more than the extra the railways are taking.

http://www.cwbafacts.ca/2015/02/grain-companies-take-13-million-from-farmers/

[TOM4CWB]

Forage,

Is there a profit breakout for western Canadian grain elevator operations?

[TOM4CWB]

Grassy,

Are the CWB committee serious? Where is demurrage, risk management, end user cost of late sales...cost of inventory... the list goes on...

If you folks think this is a cake walk... then you can easily fill containers and sell to end users and avoid the big 3.

[TOM4CWB]

If there is not 10 percent profit on the cost of sales... just as in AGT... then our grain logistics handlers won't have enough margin to survive long term.

If our grain is worth average $440/t on 18mmt $8B and close to $8B more for wheat and barley... $2B for special crops.. $18B should have $1.8B going to the grain marketers and logistics people.

I doubt they are earning half this.

[cottonpicken]

You went through their financials?any one time expenditures?

They are not buying futures and selling cash?

**** it i will do it myself.

You may want to turn around on this bridge you are about to cross.

To bad most are private

Where is jdpape? I thought this was all going to be over?

[grassfarmer]

Here you go Tom, from the guys that knew enough about history to see what was coming. Not believing the hollow rhetoric of "marketing freedom" like you did.

http://www.nfu.ca/story/nfu-says-farmers-bear-enormous-costs-ritz’s-failure-plan

[Braveheart]

Tom, please don't let day 27 come without ending the hunger strike. Hunter isn't worth it. He isn't worth shit.

[LWeber]

I have shit Internet in KS and not able to double check Tom...here is shooting from memory...

Viterra supposedly made 750 million last year...if you can garner that from their financials show me.

Prior to Aug 01, 2012 a yearly profit of 100 mil to 150 mil was considered a good year.

Where is that extra coming from? The god fearing railways?

[TOM4CWB]

Brave and Larry,


While CNCP may not appear to care...,

Western Canadian farmers can bring to bare;

The Court of Public Opinion to impair,

CNCP plans to take what is unfair.


Freinds are worth fighting for,

You are mine what is more,

Than to step to the fore,

For truth, justice, freedom to implore.


Western Canadian neighbours you are mine,

Fighting for what is right takes a spine,

Freinds with pleasure I take the time,

To draw the line at this CNCP railway design.

[TOM4CWB]

<a href="http://s142.photobucket.com/user/tom4cwb/media/CP%20Add%20Congratulating%20Hunter_zpsfnrde6ei.jpg .html" target="_blank"><img src="http://i142.photobucket.com/albums/r113/tom4cwb/CP%20Add%20Congratulating%20Hunter_zpsfnrde6ei.jpg " border="0" alt="CP Board of Directors Congrats photo CP Add Congratulating Hunter_zpsfnrde6ei.jpg"/></a>

A picture that brings a thousand words to mind! An Ad in East.