CWB cancels malt barley pool

[gregpet]

Isn't the CWB supposed to maximize returns for all farmers and not decide that the one who have sold into the pool will now capitalize on a higher price than the farmers that have not had an opportunity to participate?

[Hopperbin]

Exactly. Ian White has let me down immensely.

[Hopperbin]

The man needs to learn how to run a garbage truck so he can clean up after himself.

[Choice2U]

Burbert - Please do something out of character and answer one question. I'll try to keep your choices simple so you can just pick one. Is the CWB mandate to: 1. Maximize $ value per bushel? (eg. sell 10M bu x $8/bu = $80M which would require it to cut off a pool 1/2 way through the season without any advance notice leaving a very high carryout) 2. Sell all the grain that is grown at the best returns possible (eg. sell the full year's production of 20M bushels at $5/bu avg = $100M keeping an average carryout. All growers get the same price) 3. Maximize the total $ value of the crop (eg. sell only 18M bu (out of 20M production) x $6/bu = $108M which would push the carryout to a larger than average number)? Please pick one as they all have different implications to an individual farm. Herein is your answer as to why the CWB can never do anything right. WE DON'T KNOW ITS MANDATE. If it was to state its mandate or have a mission statement regarding the above then farmers could make some decisions as the season unfolds. The problem is that we have no way of knowing what the CWB plans to do from year to year so how do we protect our individual farms?

[charliep]

Going through email today after days away at Farmtech and see the CWB announced the initial payment "B Pool" feed barley at $103.50/tonne port or about $50/tonne ($1.10/bu). The PRO (Jan. 22) is $162/tonne or about $108/tonne local elevator ($2.35/bu).

With cashplus for malt barley, why isn't there a similar alternative feed barley? Better yet, have feed barley 100 % cash prices against sales under the guaranteed delivery contracts.