Silverback, I don't know why you think that people who are pro-board are afraid of anything. I think it takes a lot of courage to take a stand and defend it.
Have you seen what is happening in the corporate world with mergers and acquisitions? Bunge has doubled the size of its holdings in the last five years to become the third largest grain handler in the world. They did it through acquisitions.
Saskatchewan Wheat Pool now that it is completely privatized could be "in play" at any time. The fiduciary duty of the Board of Directors would not be to resist a takeover but to ensure that the shareholders got the best price for their shares. How long will it be before one of the big four or five grain handling companies sets their sight on SWP. SWP has put themselves into a very desirable position now that they have converted their debt to equity.
What possible difference could it make to have one more small insignificant undercapitalized grain company join the fray. That would be the reality of CWB Grainco Inc.
What we should all do is address the real problem. Low grain prices. We produce too much. We simply do not respond in classic term to supply and demand. When supply goes up and prices go down we produce more. And so it goes.
Getting rid of the CWB will not lead to higher grain prices.
Higer energy prices will ultimately lead to us converting acres to energy crops and if that takes enough acres out of production we will then have a type of supply management in food grain crops.
Let us take the bit in our mouths and figure out a way for farmers to be the equity owners of the ethanol and bio-diesel value added industry, as is happening in the United States.
Have you seen what is happening in the corporate world with mergers and acquisitions? Bunge has doubled the size of its holdings in the last five years to become the third largest grain handler in the world. They did it through acquisitions.
Saskatchewan Wheat Pool now that it is completely privatized could be "in play" at any time. The fiduciary duty of the Board of Directors would not be to resist a takeover but to ensure that the shareholders got the best price for their shares. How long will it be before one of the big four or five grain handling companies sets their sight on SWP. SWP has put themselves into a very desirable position now that they have converted their debt to equity.
What possible difference could it make to have one more small insignificant undercapitalized grain company join the fray. That would be the reality of CWB Grainco Inc.
What we should all do is address the real problem. Low grain prices. We produce too much. We simply do not respond in classic term to supply and demand. When supply goes up and prices go down we produce more. And so it goes.
Getting rid of the CWB will not lead to higher grain prices.
Higer energy prices will ultimately lead to us converting acres to energy crops and if that takes enough acres out of production we will then have a type of supply management in food grain crops.
Let us take the bit in our mouths and figure out a way for farmers to be the equity owners of the ethanol and bio-diesel value added industry, as is happening in the United States.
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