ritter

[cottonpicken]

Chaff your one of those people that really doesnt know to much about the world and how it really works.

I'll try to keep this simple for you.
If your a farmer and you "hedge" yourself say on a corn crop by locking a large portion at 2$ because hey its a good price and you think your going to make money.But the price jumps to 4$,and now guess what all your costs start to rise fertilizer,fuel,chemical,land values,etc,etc..Now instead of a profit your in a loss position.But guess what your neighbour who went long and made money now has money for next years crop and that land beside you that came up for sale.Your competition is stronger and you are weaker and someday he will be buying you out.

Now tell me how hedging doesnt apply to farming.

As far as risk management its a matter of perspective i guess.
Do you consider a government savings bond paying 5% a solid investment?
I'll bet a person like you would.
But if i told you inflation is running around 8% would you still think its solid?(which it is)
I'll bet a person like you would.

The aussies i was refering to were the ones who got trapped in canola contracts.Theres a thread further down about the subject.

We'll see how the cwb performs this year.

As far as when a person wants to sell thats their business.
I did say selling into a rhino horn was a good idea.

[wedino]

Good post, thanks chaff.

[cottonpicken]

P.S.-you dont really think ive ever posted what my main investment portfolio is made of?5000 hours of thought and consideration to a bunch of people that hate me.LOL

[parsley]

No forecast is complete without a forecast of the forecast skill.
-Henk Tennekes

[Burbert]

chaffmeister, Since you have pointed out that you have no vested interest whatsoever in the CWB, and only have farmers best interest at heart. I wonder what kind of life you are in fact leading? You have posted enough stuff here to choke a horse, some of it is good and factual, some total drivel. Are you really Mr Doogood, or a retired Enron exec that has a fat bank account and slipped away unnoticed with tooo much time on his hands. If you are not a farmer, then you should start farming, cause, out here in the real world you can farm and farm till its all gone, if you so choose... Come on try man, you'd be good at it!

[parsley]

Burbert, are you hinting it's Gordon Machej?

[parsley]

Burbert, you're the Wheat Board's genius! Are you outing chaffmeister as Gordon Machej?

1. Working for the farmer...isn't that what an accredited exporter does?

2. Piles of cash...did Gordon Machej get around $250,000.00 cash severance? Or was that Richard Klassen, or both?

3.ENRON????? Well...Gordon Matchej was listed online, as chief financial Officer fot Iriana Resouces.

Survey says... iriana is a mining company that is inactive on the exchange! Are you sure you don't mean Bre-X?

You probably are away ahead of the rest of us on this one, but irianaresources.com was also listed as the website that Eagle Sterling linked to.

Is Machej's secret company called Eagle Sterling Limite or Co. Ltd or Company Limited, you'll know since you're with the in-crowd that hangs with the CWB. Maybe elections Canada donations would have that.

Was mentioning Enron a hint?

Burbert, does chaff work in the accredited agent''s office in Wnpg?

Or is chaff the guy that answers that 514 number that Eagle Sterling lists, Toronto, right?

Jeez,burbert tell us who chaff is ...is he Machej, OH MY GOSH, just thought of this....or do you think he works for Machej?

This is so exciting.

[kamichel]

CP you give a worst case scenaio. To hedge into a 2 dollar corn market would be locking bottom of the barrel prices. I don't think any farmer had actually done that. Come harvest time and the grain is in the bin then if prices are 2 dollars and cash needs to be made then 2 dollars is what it is. But to sell ahead for 2 dollars is crazy. You make it sound like it would be a good that if the Americans had corn under a board monopoly controle. then everyone could prosper growing 2 dollar corn and there would be no existence of a market bull.
I don't make money at all when markets are at the bottom. Look at all the profit making contract prices out there today for new crop. The board has offered nothing. We can anticipate that CWRS wheat will be higher next year because of the offboard prices and considering other grains. But the board gives us nothing at the moment.