Ritz and his government controled grain company is helping themselves to the contingency fund.

[LWeber]

http://cwb.ca/public/en/hot/legal/judicial/pdf/directive_exp.pdf

http://cwb.ca/public/en/hot/legal/judicial/

On January 21, 2010, the Supreme Court of Canada dismissed an application from the CWB for leave to appeal a ruling on the Government of Canada's advocacy directive. No reasons were provided. As a result, the directive - initially issued in October 2006 - remains in force. It prevents the CWB from spending money "advocating retention of the CWB's monopoly powers".

[charliep]

chuckChuck

You are likely right although the definition of propaganda and providing facts
might differ. Both have to be accountable to their electorate/stakeholders. One is
a political organization and the other is a business.

You have never commented on the purpose of the contingency and what it should
it should be used for. Can you help me understand the purpose and safeguards in
the current Producer Payment Option (not overall pooling system) contingency
fund? If we have a common understanding here, the remainder of the discussion
on this issue will be easy. I think it is appropriate to be transferred into the new
organization to look after risk/need for a rainy day fund to look after forward
contracting alternatives financial backstopping. Do you disagree?

It is not the CWB or the pooling systems money. It belongs to the farmers who
have used the programs in the past and could use them in the future. Do you
disagree?

[charliep]

You are right in highlighting by the way Larry. Doesn't seem to have made much difference.

[AllisWD45]

Chuck. The point is that very soon we will know
exactly what you spent the money on, Face it your
term is almost over so be smart and move on. There
will definitely be an august 2 2012 it will come right
after august 1st

[charliep]

Note the following that would cause me concern.

From the release -"In explaining its first hike to the contingency fund limit last
week, Ottawa said it had to raise the ceiling to $100-million because a
forecasted surplus from “non-pool activities” would make the account “surpass
its current limit of $60-million.” The government argued it might be “distorting
pool returns” if it returned contingency-fund surpluses to accounts ultimately
rebated to producers."

Is this an admission that basis levels are being kept artificially wide to top up the
contingency. Any thing above $60 million would have been deposited in the
pooling accounts and used to pay for expenses including the steamrolling
campaign. Anyone PPO programs (record sign up this year) should be
concerned.

Definition of "non pooling activities". Does this mean the CWB is cash trading
outside the pooling system and taking profits/losses on activities?

[parsley]

Some years ago, the CWB exceeded their
marketing savvy quota and their adding and
subtracting slills and consequently asked the
government of Canada to either pour a pail of
money into the pools or else the CWB had to
send a bill to farmers.

Who owned that loss? The farmers or the
government?

The government took the hit.

And tommorow, if their is a huge MF related
Loss on the books by way of MGX, The CWB's
Grain exchange seat trading genius is well-
practiced in loss-passing onto the pooling
accounts, a nice dirty little dump on the farmer,
indeed. Again. bucket reminds us, doeant he.

Ian mcCreary forgot all about it at his revolving-
door parliamentary presentations I'll bet. But he
deserves to own the loss along with the rest of
the single desk memory-losers

One example farmers took the hit.
The other, government took the hit.

Both hits were the result of CWB asses: an end
in site that will surely be d****d by rescinding
legislation. Pars