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How many have printed off and read the CWB annual report?
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Yes, the Competition Bureau will closely monitor the situation...what a laugh. I imagine the rancher/farmer will monitor it closely too, sas he gets royally ripped off.
If the deal is closed and XL owns the plant and associated feedyard, what is the bureau to do? It is too late. the division of the company means it is still owned by the same players.
I suspect NB will sell the Calgary real estate and use the cash to pay off the entire (and then some) debt incurred on the Lakeside purchase. Then there is no possibility of someone coming in and buying an operating plant. This would fit the modus operandi from some of their other ventures (anyone remember a retrofit to a pork plant in northern AB?).
The challenge is growing independent capacity and generating enough cooperation between interested producers to create a critical mass for value oriented marketing. In other words, I don't care who processes it, as long as it is done right and I can keep the portion I feel I deserve. That said, without competition the fee for service arrangement can become untenable.
(actually now that I recall, I own shares in a plant right now - LOL).
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