Originally posted by farmaholic
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here you go redlentil.....
The Export Sales Reporting Program has its roots in the unexpected purchase of large amounts of grain by the Soviet Union in 1972.*Termed*“the Great Russian Grain Robbery,â€*the huge, unanticipated purchases of U.S. wheat and corn that year depleted U.S. reserve stocks and caused a sizable run-up in U.S. food prices.*
Furthermore, there was growing concern that some companies might have an unfair advantage in situations like this because they had access to market-sensitive information that was unavailable to the public. To ensure that all parties involved in the production and export of U.S. grain had access to up-to-date export sales information, Congress mandated the Export Sales Reporting Program (ESR Program) in 1973.
Before the ESR Program was established, it was difficult for the public to obtain information on export sales until the products were actually shipped. The program helps facilitate price stability by guaranteeing that everyone has access to the same information at the same time.
The last paragraph explains what we have in Canada....now...
You can call me a boomer or an ass....but I had conversations with my MP back when the so called open market was being talked about....they chose not to implement the simplest part of an open market...
The USA has seen the need for it for some 48 years and counting and they have grain exchanges that help identify this as well...along with a government that doesnt ignore agriculture...
How long have politicians in Canada been studying the uselessness of the agristability program....
It took less than a year to implement sales reporting in the 70s and no president since has ignored farmers and the value to the economy....
disclaimer....I think this qualifies as marketingLast edited by bucket; Nov 19, 2020, 07:31.
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BTW ....don't think for a minute that Canada didn't get caught selling cheap wheat to the Russians back in the 1970s.....
And the politicians since have chose to do nothing about it .....except allow our customers become our competitors...and helped them along the way...
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Does anyone know what it is called when every company hides information that should be public?
It pisses me off that every week there is a crop report during the growing season and yet no one is supposed to know what is moving at any time....past present or future.
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Originally posted by bucket View PostDoes anyone know what it is called when every company hides information that should be public?
It pisses me off that every week there is a crop report during the growing season and yet no one is supposed to know what is moving at any time....past present or future.
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