Wide basis cost farmers billions?

[Quadtrack]

Before we had to store grain because weren't allowed to deliver more than a bit at a time. Now we have to store to avoid selling when basis is too wide.
Open system still better

[farming101]

I will agree that farmers didn't get their fair share of wheat sales but it is very complicated. Different methodologies used in these studies really muddy the waters.

Got to remember it is a world market.

This happened


And this happened


And this happened


And this happened


2 choices: Compete and stay in the market or fold.....

[farmaholic]

hoppy, big difference between reasonable profits and "gross", as in "unattractively large or bloated", profits.

We are all smart enough to know that every link in the chain needs to be profitable.... Sometimes I just wish every other link in the chain was smart enough to realize it.

[sawfly1]

i was only saying they stole 2 billion , now really 3.5 .

i guess we can finally put to bed the fairy tale the western cdn wheat growers have been peddling the last 30 years ,
that grain co.s would compete for our business.


if you were sucked on that one , they have another for you about railways.


history is just repeating itself. we forgot the lessons of the 20s and 30s.
how bad was the screw job back then , that the farmers got together to build the pools.

i guess 3.5 billion ain't enough , to wake us up. but i am sure there is more to come.

it is pretty easy to see how well the richardsons did , in the deal

imagine you expanded 4 times your size , and in a couple of years later your still so flush with cash , that you can buy up a whole whack of oil co.s

[sumdumguy]

Wish the cereals market was like special crops with over 100 processing plants and as many buyers woth many prices updated on their websites. Helps with transparency and farmers benefit.

[seabass]

Your absolutely right sawfly. My grandfather told me before he died to becareful what u wish for. Meaning having the CWB gone. There was a reason farmers like him helped start the pools. Now were back to square one again. Greedy JRI and all the others.

[GDR]

It sucks that farmers can't keep more of the pie but be careful asking for transparency and regulation. I don't think too many farmers want to show their books to the world and justify or limit profit margins on good years. Like it or not we need the system a lot more than the system needs the individual farmer. I know it isn't that easy sometimes but if you don't like the basis either suck it up or find your own market. All our wheat (cps) and barley goes feed regardless of grade lots trucked 10 or 12 hours away and always amazes me that we net more than No 1 prices at our local elevators yet they are always full and out a couple months for delivery.

[fjlip]

Feed lots can't eat ALL the grain, it works for a few not for all of us. Check cattle returns now, turned to crap also. They charge/discount because they CAN. Money talks, they set the rules, we have no power/votes, the 2% of population do not matter till "they" are hungry. World is a wash in grains/oil seeds, looks hopeless to turn around. 98% are happy with the surplus!

[stonepicker]

Some so called expert that has never been outside winnipeg tells you that the grain co's stole 3.5 billion from you, and you believe it hook line and sinker?? Give me a break!

[sawfly1]

it was pretty obvious with the world and port prices taken into account .
we all saw it at the time.
an extra $ a bushel off everything.

i am not saying the businesses are evil for taking advantage the situation.


that is their job.

we farmers failed at our job, by not protecting our own interests in the system.
believing in the ( wheat growers / corporate interests) BS .

being fools to put it mildly .

and the fault for the rail crisis, that caused this giant windfall for the grain co.s
lies entirely with the federal govt.

what govt. in its right mind , has no plan to get its nations exports to market and had no system to even monitor it.
pathetic

Conservative and liberals harp about how we need free trade,
what is the point when they have no plan to get what we sell now , to the port.

and to top it off , what they peddle as free trade is actually just a transfer of power
from nations to corporations