Reflecting on price and protein premiums received by farmers from the single desk CWB

[furrowtickler]

Richard Gray is a putz.

[highwayman]

Yes let's talk about durum chuckles. How many times we were forced to carry 30 - 50 percent of our contracted production into the next crop year only to receive less return then the previous year. Your horse is dead, move along little doggy

[Integrity_Farmer]

[QUOTE=farming101;340340][URL="https://www.manitobacooperator.ca/daily/cwbs-2010-11-final-payments-set"]https://www.manitobacooperator.ca/daily/cwbs-2010-11-final-payments-set[/URL]

Farming 101 You said "Do you still have your grain tickets? Better double check".



I confirmed the protein spreads from the Canadian Wheat Board annual report.

Thanks for providing the chart. You can see from this chart that in 2010-2011 the discount for 1RS 11.5 protein versus 1 RS 13.5 was $1.05 a bushel. The protein premium for 1 RS 15.5 versus 1 RS 13.5 is about about $2.40 The total premium for 1RS 15.5 protein versus 1 RS 11.5 protein was $3.45 a bushel.

The total protein premium for 1R RS would be $3.45 a bushel for 2010-2011 crop year. I said $3.44 a bushel in my post.

It is not my problem that you cannot do math or read charts.

Again my appreciation for the chart that confirmed my analysis. The chart is good it shows that in 2009-2010 farmers received a premium of $1.25 a bushel for protein and in 2011-2012 a premium of $1.30 a bushel for protein.

This fall at my elevator in Manitoba farmers were getting about one third of that or 10 cents a full percent of protein.

[blackpowder]

Since you like senseless work. Overlay protein spreads for same time period for other jurisdictions.
And about durum. Because you can grow it we all suffer? Remember well going to presentation where board boob spent 30 mins telling room prices crashing dont grow it blah blah. Hand goes up "so about our durum".

[farming101]

I-F you are correct on the protein as the chart shows. Protein premiums do come and go depending on availability. That type of spread could very well be once in a lifetime.

[vvalk]

Walk did you forget about durum? In some years the CWB had over 50% of the worlds exportable durum which allowed them to extract significant premiums and manage the US market so that it wasn't flooded with Canadian imports.

If you are looking for a response to your questions there are several independent studies done on the CWB. Check out the KFT study Daryl Kraft, Hartley Furtan, and Ed Tyrchniewicz on the economic performance of the CWB.

Richard Gray at the U of S also looked at the impact on the loss of the CWB in 2014 2015 and the numbers were very large.

Chuck chuck. Your going to hang your hat on durum? What was durum maybe 20% of what the CWB handled each year?
As for Greys "look" at 2014 you can t be serious or that dumb. I can't believe anyone would take him serious after that study. He assumes that in the largest crop in history ( the cwb couldn't even have imagined a crop that big in their day) the CWB would have sold every bushel. In much smaller crops the CWB forced farmers to hold back as much as 60% of the durum and 40+% of the Cwrs. Can't remember on malt. In 2014 who knows how much the single desk would have forced farmers to hold back. Never mind the big crops 3 years running. That is why the basis never got crazy because farmers had to store it. Sometimes that happened 4 years in a row. We had durum on our farm that went through 4 birthdays. And yet you site this study, you do know better but I guess desperate times.

[Kinger]

Protein premiums change just the same as the futures or basis. It reflects what the end user is willing to pay for it. I'm sure if your chart went back farther it would show some volatility.

What we really need is the CGC to step in a regulate how graincos pay protein. Should be each individual point instead of certain ones rounding down to the nearest 0.5 or 0. Why should you deliver a 13.9 and only be paid for 13.5.