Wayne Easters comments:

[FarmRanger]

“Some companies with signed purchase contracts, for whom the CWB is unable to supply the contracted barley, may have to pay higher prices to obtain barley from grain companies or directly from farmers, as barley prices have increased recently."

Yes, if since last October is recent.

So the CWB contracted our barley without an offsetting hedge against price increases. For a farmer to do this is hedging, or setting a price for supply they are planning on growing. For the wheat board to do this with someone else’s grain is not hedging, they didn’t have the barley in stock and had to purchase it at some time in the future from farmers to fill those contracts.

Isn’t this gambling with farmer’s money? Why should farmers be on the hook for someone else’s gambling debts?

[parsley]

WHO exactly, made the committment? Are they not legally responsible? Is this acting in good faith?

Parsley

[wd9]

CWB having trouble sourcing barley from farmers because the barley is worth more than what they had to pay farmers for under the current regs. Hmmmmm.

Value of the CWB is.......?

[winwin]

The board claims that they NEVER put the pools at risk.It would appear that has happened here.

"Your betters will sell the grain,comrades.You must go back to the cotten fields and produce it for them to dispose of at any price."This is the Philosophy of the true believers.

The more they make a fuss over their deliberate SHORTING the market at a poor price,the more they hurt their credibility.

A huge lawsuit involving Cargill and their co conspirators at the cwb would be just great.

The amount sought would be the measure of either:1.the cwb"s incompetence or2.the amount farmers would have been hurt had their power continued.Or both.