3rd Party Risk on grain sales...

[TOM4CWB]

Stubblejumper:

"Flying blind and not knowing what you are paying for risk management is working fine for you?"

Interesting perspective... if you can't tell... then it doesn't hurt!

[dave4441]

I would guess that most of the CWB sales are to governments, not companies, so would guess there risk is not as great in the big picture. Saying that, risk does come from government buying agencies but probaly less so then some of our special crop problems

[padron]

For clarification - In Australia there is no form of bonding or "fund" protection. Growers are completely on their own. The Australian Grain Exchange will form a key role in providing security through their clearing services. It is a good model for us to emulate in my view and the clearinghouse project is in regular contact with our "mates downunder".