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    Just enjoy watching the commotion

    The anthills are all frozen this time of year so I can't be poking them with sticks.


    Newsroom
    2007
    CWB enhanches accountability, includes performance measures in new annual report
    Winnipeg - In its ongoing pursuit of best practices and accountability to farmers, the CWB has published key performance measures and an expanded Management Discussion and Analysis (MD&A) section in its 2005-06 annual report, which is now available.

    “This is the first year that operational effectiveness measures have been included in the annual report and the results speak for themselves,” said CWB president and CEO Greg Arason. “This organization must be accountable to farmers in the clearest possible way. By developing and publishing these measures, the CWB is striving to ensure that accountability is transparent, results-based and quantifiable.”

    Operational effectiveness is one subset of CWB performance measures introduced to assess corporate and individual employee performance. Other measures include a Farmer Satisfaction Index, a Customer Satisfaction Index and an Employee Satisfaction Index.

    In comparing sales prices, the net price spread realized by the CWB compared to competitors’ prices for comparable quality was $8.66 a tonne for wheat, $5.98 for durum and $7.77 for designated barley - all above targets set by the CWB’s board of directors, which regularly reviews results for each sale made.

    Another measure examined non-sales revenue gleaned from sources such as net interest earnings, foreign-exchange transactions, transportation tendering and terminal agreements. In 2005-06, this revenue was $83.5 million, which was $21 million above target.

    On percentage of grain marketed, another of the performance indicators, the CWB was above target for durum. Given the near-record size of the 2005 Prairie durum crop in relation to total world demand, as well as a low quality profile, a marketing target of 65 per cent had been set. However, the CWB achieved record durum exports in 2005-06 and managed to market 70 per cent of contracted offerings. As well, the CWB marketed 96 per cent of wheat offered (below the target of 100 per cent) and 100 per cent of all barley.

    The annual report shows CWB revenues last year were $3.5 billion, with administrative expenses of $69.8 million. Weather presented western Canadian farmers with many challenges in 2005-06, with near-record yields marred by a second consecutive year of poor harvest conditions causing widespread quality damage.

    Other highlights of the year contained in the annual report:


    Developed Harvesting Opportunity, a comprehensive action plan created to establish the CWB’s vision for the future of the organization,
    Enhanced the Producer Payment Options for more pricing and payment choices,
    Created a pilot delivery exchange program for greater delivery flexibility,
    Announced joint plans for a training and technical centre in Beijing,
    Initiated a protein payment program for two-row malting barley

    Copies of the 2005-06 annual report can be downloaded at www.cwb.ca or ordered by e-mailing questions@cwb.ca or phoning 1-800-275-4292.

    Controlled by western Canadian farmers, the CWB is the largest wheat and barley marketer in the world. One of Canada’s biggest exporters, the Winnipeg-based organization sells grain to over 70 countries and returns all sales revenue, less marketing costs, to farmers.

    #2
    Interesting that the CWB looks at “sales prices” “realized by the CWB” – and not prices “realized by farmers”.

    Assuming they are right in the price spreads presented, and considering how much more the single-desk-system costs are above the “open market” as recorded by the Federal Grain Monitor, the quote from the release would look like this:

    <b>In comparing sales prices and costs, the net price spread realized by Western Canadian farmers compared to competitive market returns for comparable quality was $8.34 a tonne lower for wheat, $24.02 lower for durum and $12.23 lower for designated barley - all well below targets set by the CWB’s board of directors, which regularly reviews results for each sale made.</b>

    Comment


      #3
      JD4ME,

      You made the hair on the back of my neck stiffen again!

      "The largest wheat and barley plantation in the world (known in the CWB Act as the “designated area”), is made possible by CWB "Single Desk" Communist Con Artists. Since becoming one of Canada’s biggest deceptions, the Winnipeg-based organization now dumps grain confiscated by it into over 70 countries around the globe. It then extracts massive and rising "marketing costs", from its lackeys to better the lives of the CWB Masters.”

      Comment

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