Yes cwb. Ad starts out and sounds like their saving the grain handling system. I got excited about rail investment when I first started reading it.
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I have no issues with producer dollars buying a portion of the new CWB, but is FNA the proper organizing force to do it? If there were shovels in the ground at their fertilizer plant well then maybe, but I grow more skeptical as each day passes.
That being said, I am a sucker for this kind of investment so committed some $ anyways, you can't play if you don't pay.
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If they were thinking they would shitcan the fertilizer plant. Use the money to buy the CWB and get some long term supply agreements for fertilizer. Grain out, fertilizer in. Cars are loaded both ways.
Think the railways would be interested in that business model.
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Reminds me a bit of Sask Wheat Pools Project Horizon. They spent allot of money, verticle integration, capturing more in the value chain. Concretes (good idea but kind of comparable to SWP tombstones) hog barns, feedlots, stockyards, doughnut shops, then divest it all until they were down to the core business again, then devalue equity, bond holders, and sell it for....
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All I gotta say is wow...the same folks that 24 months ago celebrated the demise of the Cwb now want to invest in FNA of all companies....? The cwb is gonna screw up their attempt on their own of trying to be a real grain co, let fna in there and they're gone that much quicker. Go to Vegas if you want to lose 10 grand quick
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Farmers have made good money owning inland terminals in this province.
These were good investments by farmers that added competition.
These are now being sold off to P&H, Viterra, CWB due to being profitable businesses.
With the CWB, I hope a company/group can take it over and provide farmers with more competition.
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