talked to a farmer yesterday whose durum went 70 bushels per acre. On 2000 acres the gross revenue is $1,750,000.00.
I have heard similar stories around Kindersley and Swift Current of durum that went 50 bushels per acre. Now that is only $650,000 for a thousand acres but in that case the lentils and canola took him well into the millions as well.
I hear all the time here on angryville the time people like Saskfarmer bitching about the CWB because he can't get $17.00 for his durum and he blames this on the CWB.
In the case of a few rich farmers who can sit on all of their grain while the raging masses sell out early perhaps Saskfarmer has a legitimate argument. Perhaps we did cost him $5.00 per bushel on his durum. Perhaps it ran 50 bushels per acre and perhaps he had a thousand acres. And perhaps he could have earned an additional quarter of a million dollars.
I could argue that this is a zero sum game and that on the flip side there is another farmer that could have had the same 50 bushel crop on the same acreage base of 1000 acres and he could have sold his durum for $7.00 per bushel and for that farmer we made him an extra quarter million dollars. I could argue that for the health of the community it is better that the second farmer is able to pay down his debt and remain a constructive player in the industry and the community while poor Saskfarmer was prevented from expanding his farm by another section. The section that farmer number two may have sold after making his decision to sell his durum at 7.00.
But it is not a zero sum game. In fact we know that the CWB is asking $22.00 per bushel for durum today when the US elevator price reported here on Agri-vill is only $17.00. Now those elevators will sell your durum for $22.00 if they can get their hands on it.
So we see that for starters the CWB is keeping about $5.00 per bushel out of the handling companies pockets and putting it in farmers pockets right now.
Further we know that the average weighted selling price of durum in the US according to the North Dakota Wheat commission is about $10.00. This is further proof of the value of the CWB. The CWB has added to the bottom line of Canadian farmers on a 3 million tonne program an extra $73.00 per tonne or $220,000.00.
So yes the downside is that we kept Saskfarmer from buying another section of land where he might next year make enough extra money to buy out another suffering neighbor who had to sell a section to Saskfarmer.
The upside is that the Ag industry in Canada made an extra almost quarter of a BILLION DOLLARS.
And that is just on Durum.
Wait till you see my analysis on Spring Wheat and Malt Barley.
Rod Flaman
CWB Director - District 8
306-771-2823
rodflaman@imagewireless.ca
Oh and by the way. The CWB Rocks.
I have heard similar stories around Kindersley and Swift Current of durum that went 50 bushels per acre. Now that is only $650,000 for a thousand acres but in that case the lentils and canola took him well into the millions as well.
I hear all the time here on angryville the time people like Saskfarmer bitching about the CWB because he can't get $17.00 for his durum and he blames this on the CWB.
In the case of a few rich farmers who can sit on all of their grain while the raging masses sell out early perhaps Saskfarmer has a legitimate argument. Perhaps we did cost him $5.00 per bushel on his durum. Perhaps it ran 50 bushels per acre and perhaps he had a thousand acres. And perhaps he could have earned an additional quarter of a million dollars.
I could argue that this is a zero sum game and that on the flip side there is another farmer that could have had the same 50 bushel crop on the same acreage base of 1000 acres and he could have sold his durum for $7.00 per bushel and for that farmer we made him an extra quarter million dollars. I could argue that for the health of the community it is better that the second farmer is able to pay down his debt and remain a constructive player in the industry and the community while poor Saskfarmer was prevented from expanding his farm by another section. The section that farmer number two may have sold after making his decision to sell his durum at 7.00.
But it is not a zero sum game. In fact we know that the CWB is asking $22.00 per bushel for durum today when the US elevator price reported here on Agri-vill is only $17.00. Now those elevators will sell your durum for $22.00 if they can get their hands on it.
So we see that for starters the CWB is keeping about $5.00 per bushel out of the handling companies pockets and putting it in farmers pockets right now.
Further we know that the average weighted selling price of durum in the US according to the North Dakota Wheat commission is about $10.00. This is further proof of the value of the CWB. The CWB has added to the bottom line of Canadian farmers on a 3 million tonne program an extra $73.00 per tonne or $220,000.00.
So yes the downside is that we kept Saskfarmer from buying another section of land where he might next year make enough extra money to buy out another suffering neighbor who had to sell a section to Saskfarmer.
The upside is that the Ag industry in Canada made an extra almost quarter of a BILLION DOLLARS.
And that is just on Durum.
Wait till you see my analysis on Spring Wheat and Malt Barley.
Rod Flaman
CWB Director - District 8
306-771-2823
rodflaman@imagewireless.ca
Oh and by the way. The CWB Rocks.
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