Thanks C W B! Sold 2 bags Durum got shit all from you!

[$short]

Why didn't you buy your way out of the contact?
Roll it into next year.

[gregpet]

I_F, I think he means the large grain bags that farmers have been using for the last few years. They hold about 10 000 bushels per bag, very much with the times, unlike you and the archaic, and soon to be voluntary, CWB.

[TOM4CWB]

$short,

The CWB has so messed up Durum marketing... what makes you think they will return a better price next year? They very likely sold rolled contracts at LOWER prices than last crop year!

[$short]

They couldn't possibly screw up the durum pool
worse than they did last year

[mustardman]

heh saskfarmer don't forget the 2/3 and 1/3 rule.
This is where 2/3 of the grain is SOLD at the Bottom 1/3 of the price

but you would never do that would you

[Burbert]

Sooooooo, apparently there are Comedians
that hate the cwb, worse than our
amerikin cousins. After all it is trade
distorting, isn't it. It keeps the
price of grain (food) down, when there
are starving people all over the world.
Nope, no way, the greedy rich, need ta
have it all, and I mean ALL. Cousin we
wanna be like the amerikins, 14.3
trillion in debt, still spendin.
Comedians really know what they want,
unfettered access to markets and a level
playing field. Comedians after all, are
their own worst enemy!!!!!!!!

[charliep]

Notice your name is mustardman so I assume you grow open market crops. How do you sell open market crops? Have you done any analysis on your own business to determine whether you market 2/3 of crop in the bottom third of the market.

The CWB as it exists today doesn't do anything special in marketing crop/managing risk. The timing of sales is based on the concept of the pricing pace model backed by discipline to act on it. It is a policy of the Board of Directors (they approve a plan) and a performance measure in the CWB annual report. From a system standpoint, it works with customers who need product 365 days a year and a logistic system that can't handle a full production in one delivery day. An open market accomplishes the same thing through a variety of processes.

Why can't a farm manager do the same thing on their own (assuming this is the right thing to do) in an open market?

[charliep]

Will note the historical price charts from this past years flexpro. A farmer who use the program and averaged sales over the whole crop year will likely increase his price by 50 cents to a $1/bu over the pricing pool (other things equal such as quirks around how PPO programs handle grade spreads).

[URL="http://www.cwb.ca/public/en/farmers/producer/historical/pdf/2010-11/2010-11flexprocharts.pdf"]flexpro charts[/URL]

[charliep]

Chart with the fixed price contract for durum. Will note the fpc was always at a discount to the durum pro.

[URL="http://www.cwb.ca/public/en/farmers/producer/historical/pdf/2010-11/2010-11fpcbpccharts.pdf"]chart 12[/URL]