CWB supporters please help me out with something

[charliep]

Jagfarms

I am glad you picked out the response to the Informa study. I note the CWB
performance measures highlighted in recent press releases. Based on the CWB $560
mln benefit, the operations should show $30/tonne on the equivalent of this years
page 43 of the 2006/07 annual report.

I also look forward to your comments on the rumored losses on the CWB risk
management programs (both their attempt at achieving an average price during the
year from p. 43 last year and the producer pricing options). I am really looking
forward to this years annual report.

[Jagfarms]

Reffering to the question about the farms having old money.
Some of the farms started out as small farms and expanded into large farms and some were large to start with.
It still takes good management to keep the farm going. I have seen quite a few large farms loose everything in a VERY short time and they had it all given to them from grandpa ect.

[cropduster]

Jag,Did you keep those trucks busy last year going south/over to the seed grower with the AMERICAN market??Glad to see some innovators taking durum out of the Canadian market to let the rest average up!Funny we haven`t heard of the almighty wrath of the `Borg`,keeping Canuck farmers under the great blankie!!Heard your competition got their durum cleaned out completely last year using the fert backhaul.

[TOM4CWB]

Jagfarms,

CWB grain pays truckers the best...(freight payments by grainco's) nonboards don't pay generally... isn't that the real political reason you support the CWB now?

[Fransisco]

Jag, do you uncritically believe everything the wheatboard tells you?
Look at just this one quote from their criticism of the Informa report.

<blockquote>The report also blatantly misuses grain handling and transportation data published by the respected Quorum Corporation, which produces the quarterly Grain Monitor report under contract to the federal government. <bold>Quorum emphasizes in its reports that efficiency comparisons cannot be made between wheat and canola based on its calculations</bold> of export basis and producer netback for each crop. Yet that is precisely what Information has done.</blockquote>

Think about it a bit. Quorums job here is to measure transportation and system costs. It does this for a number of crops. But supposedly you can't compare these measurements from one crop to the next. Don't you find that a bit odd?

Look at this one sentence, "Quorum emphasizes in its reports that efficiency comparisons cannot be made between wheat and canola based on its calculations."

This is completely false, Qurom does not say this in its reports.

http://www.quorumcorp.net/current_report.html

At the wheat growers convention the other week a gentleman from Quorum was specifically asked about the Wheat Boards assertion. He said that while the measurement is done slightly differently with canola than it is with wheat, the measurements are still accurate and the comparison is quite valid.

Informa did not "misuse" the data, it was the wheat board who was being blatantly untruthful about the findings in its response.

[cropduster]

It`s gotta be right....said so in the `PRODUCER !!Quite a set of horizons.......the `Producer and a dead dog`s A$$ !!!

[Fransisco]

Both Informa and Quorum are neutral third parties who make their living by doing accurate analysis and measurement. There is nothing to be gained by them by being dishonest. On the contrary their business's go down the tubes if they are ever found to be 'torquing' their findings.

The CWB is deliberately discounting and ignoring honest findings and criticism.

[chaffmeister]

Sawfly:

We agree that durum tends to hold a premium to HRS.

We disagree with its consistency – you say its “maintained”, I say its not.
You’re convinced it’s the CWB holding back sales. I say comparing c/o to relative price to HRS provides no evidence to point that way.

The numbers show that the premium is NOT maintained. When you have both the largest and the smallest premium when the carryout was about the same (50-55%), there is no consistent relationship between carryout and the premium over HRS.

The durum premium over HRS averages about $0.60/bu. Who’s to say that it wouldn’t be $2.00/bu with lower production and a lower c/o? That would make sense in an open market, but I’m left with the thought that with the CWB, the c/o could get slashed but the price premium may still be the same.

What’s the typical malt premium over feed barley in Canada? Over the last 10 years it’s been about $25/t. In Montana, it’s been about $55/t over the same time frame. The only difference is the CWB in Canada holds back sales of malt barley supposedly to boost price. How’s that working?

BTW – since you asked, the average c/o for HRS is 28%.

[Jagfarms]

For the producers that support the CWB and only grow
CWB crops they have less options than the producers
who do not support the board and grow other crops.

[Jagfarms]

Next time you see a good Durum price in the US call
there and tell them you have 3 million tonnes and see
how much of it they can buy at that price?