CWB

[gregpet]

Taken from Agriweek newsletter today:
QUOTE
THE WHEAT BOARD will now charge a fee on wheat and durum deliveries deferred into the next crop-year pool. It said such switching creates uncertainty about pool size and affects returns of both old and new-crop pools. The fee will reflect the pool return outlook spread and market conditions. Farmers who plan to carry '08-09 deliveries into the '09-10 crop year must advise the Board between Feb. 26 and Jun 30. The policy is clearly designed to discourage crop-year switching and the new fee is expected to be high enough to eliminate any advantage indicated by old and new-crop pool return prices.

UNQUOTE

Well Jagfarms, there goes one of the arguments that you use to prop up the CWB.

[silverback]

I was just thinking the exact same thing.

[silverback]

I was just thinking the exact same thing.

[silverback]

Sorry, I guess I was thinking it more than once.

[Hopperbin]

There goes one of the reasons I hated CWB pooling.

[TOM4CWB]

Gregpet;

Those folks must have a death wish.

First a grower can't deliver over the year end with FPC's... then DPC's are ended... Flexpro is a total joke...

Now the effective risk management of switching grain at the end of the year... after storing it for 8 months... sometimes 10...

DO these Winterpeg frozen minds...

THey want to wipe the CWB out... to prove it cannot function in a market choice system...

AND President Ian White stands behind... or is behind... this foolhardy good will disaster?

Ian calls this integrity... and the highest level of respect and ethical treatment for 'designated area' commercial growers?

If they had one IOTA of decency... Implementation would have been Aug 1/10.

Greenland... you can have some more of the management at the CWB... I would pity the seals and gulls that would have to put up with you...

[Hopperbin]

Tom allowing farmers to price into the next crop year when they signed up for a current crop pool year is totally irresponsible grain marketing. By charging a fee or not allowing it altogether is a step to allowing the CWB to work in a non monopoly atmosphere.

[haveapulse]

If the grain was free, it would be your decision.

[bucket]

If the cwb had a 100% call and delivery on the grain they steal - I might be able to understand this policy.

When I am forced into taking another crop year by a 60% acceptance on durum - Can I charge the cwb with the same costs and storage and lack of cash flow on the 40% still left in my bins as well as the chance the price might go down.

In an open market you can change contracts but you must pay a fee however you know what the price is and you know you will deliver. Not so with the cwb.

[TOM4CWB]

Hopperbin,

Changing a contract... in the middle of the crop year... is a disrespectful of property rights... as is possible.

It is confiscation... without compensation.

For you to defend the CWB... leaves me speechless.

[haveapulse]

bucket in a free market you get to decide if you want to sell all at a price or keep some for next years market. That is why they call it a free market.

Gotta love the CWB for providing equal opportunity.


Storeage, well you see, only elevators get to charge the CWB (aka YOU) storeage.

[Hopperbin]

Tom I see you point. I have not marketed anything through the board this year. So I was not aware that they changed it in the middle of the year after farmers had already signed contracts. But I stand my ground that changing pooling years is CWB bullshit along with changing rules in the middle of the year.