Wanted: More Cheap Barley

[BennyHin]

RE: Contingency fund:

Parsley, as Chaff already mentioned, you need to research your facts. Check the CWB's Annual reports, or call them. They will tell you where the contingency surplus was generated. From what I understand, basis participation levels, it surely wasn't from barley.

With all your free time not having to spray for weeds and all, one would assume you would have time to research the facts.

I guess not. Well back to the soap operas, and David Anderson Blog spots......etc.

[wd9]

JohnKenneth, are you suggesting only farmers should post on this site?

What a tragedy of singlemindedness and small world-i-ness that would be.

[chaffmeister]

As of the end of 05-06, the Contingency Fund looked like this (by "source"):

Wheat PPO..........$24.79 million
Durum PPO..........$533 thousand
Des Barley PPO.....$715 thousand
Feed Barley PPO....$1.734 million
Barley interest....$16.5 million
Other sources......$40 thousand

"Barley" has provided $18.949 million to the Contingency Fund - 43% of the total.

[parsley]

1. Benny-Hinn, would you believe the WCWGA research? According to the Western Canadian Wheat Growers' Association, "over the past five years, the CWB board of directors has authorized the transfer of $15.2 million in interest earnings from the CWB malt and feed barley pool accounts into its contingency fund."


That's clear.

Thanks for your stats, as well, chaff. I consider chaff's research material @ dotted i's and crossed t's.(what he does with it....another post)

Unlike you Benny, I have never indulged in the soaps, as I didn't realize they linked to ag research. Would that be another Calvert-taxpayer project?

2.wd9, I agree with you. Agriculture affects farmers, agri-business, suppliers, and on and on; all have a big stake, and as long as they don't try to intimidate farmers off this website, I support and encourage their participation.

Parsley

[BennyHin]

Why was it that chaff was able to retrieve (some) stats and you couldnt?

Parsley: I told you these stats were available, but you were too lazy to research them.

By the way chaffs numbers arent correct, he is way off on the numbers.

Chaff needs to spend more time getting his barley stats correct, and spend less time promoting hog barn development, and a cheap feed barley policy.

[parsley]

BennyHinn,

I wouldn't dream of trying to compete with the research you do all the time.

We will be waiting with baited breath until you post your much-promoted results!

Parsley

[chaffmeister]

Benny:
My numbers are straight out of the 05-06 CWB Annual Report: page 82.

The only difference between the numbers I presented and the CWB's presentation is that I showed $16,500 as Barley Interest - the CWB shows it as Other. Anyone watching this knows that the $16.5 million was indeed from transferring interest revenue out of the barley pools into the contingency fund. This is described in the Annual Report on page 81 (bottom of the page).

If you want to be a real stickler, call it $16 million because $500 thousand is actually interest earned - on the contingency fund itself.

Also - the "Other" figure I showed - $40 thousand - is actually from the PDT program - Pre-delivery Top-up. Again, described for you in detail on page 81.

[TOM4CWB]

Chaff,

Benny was just trying to BLUFF...

I agree that the contingency fund can easily look after any problems the CWB has on barley.

Now the CWB just needs to pay a decent price for 06-07 malt barley... and have the barley delivered to the Maltsters. After all THE CWB ITSELF were to ones who drastically undersold the market.

The CWB sales dept. made this mistake; the contingency fund should pay. This is what it was meant to cover... MISTAKES.

[JohnKenneth]

to be clear, i value the trade's and everyone else's ideas on this forum as well. it was just an observation, maybe right maybe wrong.

maybe a topic for another post, but the point is relevant to me because i don't think the different types of participants all hav the same incentives in this business.