Vader;
You said:
"In regard to tom's post about the buyback doing nothing to prevent people from selling into the export market at below the cost of production he is absolutely correct. However in the buyback process that individual is forced to compensate the pool for his actions at the same price level as if the CWB had made the sale. Conversely if that same seller had found a sale that was paying a big premium he would profit accordingly.
In other words if someone can sell wheat for more money than the CWB can they could put that money in their pockets."
Vader; the relationship you claim is between the CWB pool value and the individual's sales value, not the CWB sales value and the sales value being sought out by the "designated area" grain producer.
IMHO; There is no independant transparency whatsoever on the prices the CWB gets for our grain.
From time to time, the CWB claims to report CDN CWB grain prices to the media... I have quoted these reports many times here... often key information on west coast pricing information is missing.
Buy-back pricing info is NOT transparent; is NOT reported to the media on a daily basis.
When the CWB is recieving less than the pool value... it used to be that the CWB would use market value to determine the buyback... even if it was less than the pool value. Starting in 2002 the CWB used the pool initial as the base... for buybacks for farmers... even if the price the CWB was recieving was significantly less than the buyback quoted to the producer seeking an export license.
Vader, that was pure and simple an export subsidy... that only the CWB could do or did...
No individual farmer within the "designated area" could stop the CWB from selling below cost.
Now, day to day sales are the same to an extent... as the CWB is backstopped by the contingency fund AND the pool accounts.
The buy-back system appears to prove the CWB does illegal export sales and subsidises CWB sales at below market values. Seems Under NAFTA... especially. I don't understand why WTO would be any different.
THe solution is:
No cost no buy-back export licenses for "designated area" to those who need them...
Just as the CWB issues: in seed exports, manufactured feed, and all export licenses issued for grain grown outside the "designated area".
THe Law is the same for all of Canada under the CWB Act. Part IV applies to all of Canada. No other portion of the CWB Act applies to export licensing.
Ralph Goodale has induced the CWB to swallow a poision pill... that will in the end destroy the CWB (IMHO)... since Ralph Goodale is the minister who implemented this scheme.
Ralph Goodale changed the law to force CDN "designated area" grain farmers to present an export licnese at the CDN border...
Before that Liberal/Goodale change it was ruled by a competent CDN Court that it, a CWB export licnese, was not required.
You said:
"In regard to tom's post about the buyback doing nothing to prevent people from selling into the export market at below the cost of production he is absolutely correct. However in the buyback process that individual is forced to compensate the pool for his actions at the same price level as if the CWB had made the sale. Conversely if that same seller had found a sale that was paying a big premium he would profit accordingly.
In other words if someone can sell wheat for more money than the CWB can they could put that money in their pockets."
Vader; the relationship you claim is between the CWB pool value and the individual's sales value, not the CWB sales value and the sales value being sought out by the "designated area" grain producer.
IMHO; There is no independant transparency whatsoever on the prices the CWB gets for our grain.
From time to time, the CWB claims to report CDN CWB grain prices to the media... I have quoted these reports many times here... often key information on west coast pricing information is missing.
Buy-back pricing info is NOT transparent; is NOT reported to the media on a daily basis.
When the CWB is recieving less than the pool value... it used to be that the CWB would use market value to determine the buyback... even if it was less than the pool value. Starting in 2002 the CWB used the pool initial as the base... for buybacks for farmers... even if the price the CWB was recieving was significantly less than the buyback quoted to the producer seeking an export license.
Vader, that was pure and simple an export subsidy... that only the CWB could do or did...
No individual farmer within the "designated area" could stop the CWB from selling below cost.
Now, day to day sales are the same to an extent... as the CWB is backstopped by the contingency fund AND the pool accounts.
The buy-back system appears to prove the CWB does illegal export sales and subsidises CWB sales at below market values. Seems Under NAFTA... especially. I don't understand why WTO would be any different.
THe solution is:
No cost no buy-back export licenses for "designated area" to those who need them...
Just as the CWB issues: in seed exports, manufactured feed, and all export licenses issued for grain grown outside the "designated area".
THe Law is the same for all of Canada under the CWB Act. Part IV applies to all of Canada. No other portion of the CWB Act applies to export licensing.
Ralph Goodale has induced the CWB to swallow a poision pill... that will in the end destroy the CWB (IMHO)... since Ralph Goodale is the minister who implemented this scheme.
Ralph Goodale changed the law to force CDN "designated area" grain farmers to present an export licnese at the CDN border...
Before that Liberal/Goodale change it was ruled by a competent CDN Court that it, a CWB export licnese, was not required.