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$85.4mil Wheat Pool Deficit.

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    #49
    Oh Al, you seem to wallow in all the possibilities different pricing scenarios. And all the array of different programs the CWB could 'arrange ' for the poor bloody farmer.

    You smell like a Wheat Board planner and I'll bet you get a Board cheque in the mail every time you fill out your per diem forms. All of your 'planning and scheming' and designing on this site tries to disguise the broader important facts that can easily get lost here:

    1. Just as we don't need to simulate wheat growers, when in fact we have wheat growers, we don't need to simulate a Non-Board environment (your idea!!) when we have an open market.

    2. Your claims that you are "simply looking for constructive plans that will provide more options and flexibility', keep stumbling on the obvious free market option.

    3. You plead, " Let's get over it and move forward with some rational, constructive discussion', when in fact the most rational ideas have been presented in Commodity Marketing in this forum. Try reading them with your finger this time so that you can follow a little better and I'll put the key message in bold so that you can't miss it in this paragraph. THE CWB MUST GRANT LICENSES TO WESTERN FARMER APPLICANTS. According to you the Board is doing such a fine job, so only the radicals and the marginalized will apply for export licenses anyhow. A handful of ineffectuals are hardly going to make any difference.

    4. Farmers should always be aware that the CWB neither follows the CWB Act that governs them nor respects the farmers that they serve. If this crown corporation refuses to follow the law, they actually show contempt towards the farmers they serve. As do the Directors. So with all these proposed programs that could come into effect, what makes you think the CWB will follow their own rules, or contracts?

    Lastly, farmers are ticked off because their grain was not sold for a good price in a time of low production and high value. There is a big deficit in the pool accounts. Who in the world could, with a straight face, defend the CWB?

    Comment


      #50
      Tom, you said
      "Charlie;

      I was reflecting on the CWB refusing to take CPS/3CWRS/Feed wheat on the "c" series contract.

      It really stinks that the CWB are such a bunch of cowards, that they locked out the lower grades of wheat from the marketing arbitrage of world prices, and forced wheat farmers to sell for less than market value into the non-board domestic market.

      How quickly we forget the travisty of justice the CWB got away with,


      ... with a few smooth comforting words... from CWB spin masters...

      we forgive and forget like nothing ever happened...

      While young grain farmers are destroyed and have the life blood sapped out of them. What can these folks do... apply for NISA/FIDP... learn to suck on government to survive...

      WHat a heritage to leave our next generation!"

      What a total crock, maybe its time some producers stood up and acted like men over their part in this deficit, they whined so bad the CWB backed down on refusing the 3Red last summer and subsequently took it in on an ad hoc basis, thereby contributing and magnifying the deficit. Sorry Tom, you can't always have it both ways, first, the CWB are big bad boogeymen for refusing to take the late 3Red (which was the right "commercial" thing to do), then they are dumb marketers for running a deficit as a result. Tom I think you should take up watching curling, you sound so much like one of those "wizards behind the glass" that knows it all but has never thrown a rock.

      Comment


        #51
        Dyno;

        Give us a choice...

        ALL I ask for my farm and my neighbour's farm... is a choice.

        What good is deficit protection... the third pillar of the CWB... if it cannot be used as a support to our farms?

        I would gladly leave the CWB alone... if you will allow my neighbours and I a choice to avoid the CWB.

        The real crime is that there was any need to restrict grain at all... and that the feds needed to put one cent into the pooling accounts...

        If the CWB were the superstar sales team they say they are... then we should have had a $85.4mil surplus in the Wheat Account... and have depositied our cheques by now!

        If the CWB is not any smarter than anyone else, why are they there to do just an average job of marketing?

        You or I can do an average job of marketing all by ourselves without any help from the CWB DYNO

        So why are we paying all these guys at 423 Main... other than to collect high priced saleries and throw us in jail for trying to make an honest living?

        Comment


          #52
          Dyno you are saying "its time some producers stood up and acted like men over their part in this deficit"!

          If if was 75 years ago, we'da done just that. We've have stood up and hung a licking on every wheat Board manager who ran our pooling accounts into red ground, and then fired the lot of them.

          Comment


            #53
            Axiom;

            It is tempting to fire someone... but it appears that Flaman, Ritter, Harder, McCreary are the "managers" that need to be "run off" this fall in the CWB elections.

            CWB staffers would not run over top of CWB directors... if they (the CWB directors) didn't allow it.

            By the way... Axiom, what about the 150mil in managed futures accounts the CWB is backing... at Trycicle... have you figured this one out?

            If these fund managers goof up, won't the pooling accounts be at risk of loosing $150 million?

            Why wouldn't the CWB just borrow the money from the feds... instead they are risking our grain money... how could this happen?

            Talk about a CWB Board of Speculators... Talking the Director Chatenay... when he asked why this risk should be taken on... they just give the impression we who "worry" about these "little" things should get with the program and stop being so "negative" about everything!

            Being a risk manager is hard work, does not come easily... and requires a humble spirit to listen to what the small still voices are saying...

            How can we turn the CWB back around... so it will listen?

            Comment


              #54
              I tried searching Trycicle, but the one you want is spelled Tricycle if anybody else is searching. Looks like they just got into business They sure stand to make good money wanting a management fee of 4% and a flat fee of 6% Maybe they have cousins in the Wheat Board

              Comment


                #55
                Axiom;

                THink about the insider trading opportunities the CWB has with $150mil in futures margin spec accounts being managed by fund managers that they control...

                What possibilities!

                Makes Martha Stewart look like a butterfly!

                Comment

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