CWB FPC contigency Fund

[disker]

Just wondering if anyone was concerned about the monies left over from the FPC going into a contigency fund and when that gets to $50 million, the excess goes to the pool accounts. I thought the FPC and pool accounts were seperate but I guess they couldn't dig up the names of the FPC contract holders to send back their money.

[TOM4CWB]

disker,

I believe the CWB has in a request to increase the contingency fund to $100 million from $50m.

[disker]

How does that help? So they hold more of our money, if the money is generated during a certain year you divide up the dollars by tonnage signup and return to the participants not the pool account members to try and soften the difference between returns.

[TOM4CWB]

Disker,

Exactly.

Kind of like hitting our heads against a cement wall... isn't it.

THe CWB has one thing in it's sights...

Keep the "single desk" or dismantle the organisation. The Ausies have exactly the same game plan and end game.

[craig]

Disker if you are not concerned you need to be. The Alberta Winter Wheat Producers Commission past a resolution that the PPO's( Fixed Price contracts and Daily price contracts should be totally seperate from the pool accounts and that surplus funds should be returned to producers who use those accounts. This resolution is being sent to both the CWB and the minister responsible for the CWB.This provision would help offset the current wide basis levels and remove the opportunity to manipulate these accounts. In light of what happened behind closed doors at the AWB,there is even a stronger need for transparency in how the CWB operates it's accounts.