Chaffmeister. "Bottom line - your “highly respected ag. economists” may know how to craft detailed theoretical supply/demand charts and sophisticated models, but they have no idea of how grain is traded. If they did, they wouldn’t have been drawn to the conclusions they did. You can be certain that my analysis will not “be equivalent to the work, training and experience of three highly respected ag. economists” because, based on their analysis, I understand the subject matter much better than they do. And I don’t have blinders on".
Chaff. I am glad you have such confidence in your ability. So since you're so knowlegeble and brilliant what are you doing arguing with the masses on Agriville?
Since you are raising questions that only Gray and the CWB can answer then I suggest you write them directly and then paste their responses for all to see. It is easy for you to make all kinds of unsubstantiated arguments against the CWB, but unless you are going to offer the arguments to public scrutiny and responses from knowlegeble sources your arguments will hold little weight. Grays paper will be riviewed by his peers.
Futher the primary resaon why many farmers are critical of the CWB is they only believe in an open market where the CWB does not restrict the rights of farmers and or other grain companies from marketing their wheat and barley. To many it doesn't matter whether the CWB does a good job or not. Their right to choose is paramount. Since this is largely an idelogical and political position it doesn't really matter whether the CWB performs better or not.
Further, a large percentage of these farmers don't seem to understand the basics of pooling. They are always bringing up the higher prices in North Dakota or here at home to malsters etc.
assuming that they are missing out on the high spot market prices that are sometimes higher and sometimes lower than the pool return. Many farmers seem to forget or don't know that pooling is a price risk management tool that averages prices out from all our markets for the entire crop year. So why then do they always complain like hell when they see higher prices and then argue that the CWB is not performing. Almost everybody knows that the majority of non board grains are sold at various prices in rising and falling markets and the majority of farmers cannot sell at the peak of the market. Then why would they expect pool returns to reflect the highs of any market? I would encourage readers to look at as many DPC and FPC contract charts as possible on the CWB website to see how pooled prices compare to the DPC and FPC. The most important thing is that farmers can now use these options to lock in higher prices than the pooled price without affecting those who prefer the pooled price and want the benefits of a single desk marketing board.
Chaff. I am glad you have such confidence in your ability. So since you're so knowlegeble and brilliant what are you doing arguing with the masses on Agriville?
Since you are raising questions that only Gray and the CWB can answer then I suggest you write them directly and then paste their responses for all to see. It is easy for you to make all kinds of unsubstantiated arguments against the CWB, but unless you are going to offer the arguments to public scrutiny and responses from knowlegeble sources your arguments will hold little weight. Grays paper will be riviewed by his peers.
Futher the primary resaon why many farmers are critical of the CWB is they only believe in an open market where the CWB does not restrict the rights of farmers and or other grain companies from marketing their wheat and barley. To many it doesn't matter whether the CWB does a good job or not. Their right to choose is paramount. Since this is largely an idelogical and political position it doesn't really matter whether the CWB performs better or not.
Further, a large percentage of these farmers don't seem to understand the basics of pooling. They are always bringing up the higher prices in North Dakota or here at home to malsters etc.
assuming that they are missing out on the high spot market prices that are sometimes higher and sometimes lower than the pool return. Many farmers seem to forget or don't know that pooling is a price risk management tool that averages prices out from all our markets for the entire crop year. So why then do they always complain like hell when they see higher prices and then argue that the CWB is not performing. Almost everybody knows that the majority of non board grains are sold at various prices in rising and falling markets and the majority of farmers cannot sell at the peak of the market. Then why would they expect pool returns to reflect the highs of any market? I would encourage readers to look at as many DPC and FPC contract charts as possible on the CWB website to see how pooled prices compare to the DPC and FPC. The most important thing is that farmers can now use these options to lock in higher prices than the pooled price without affecting those who prefer the pooled price and want the benefits of a single desk marketing board.
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