06-07 CWB annual report

[charliep]

I find the producer more interesting as I read more. Page 60 and 61.

Durum - Durum priced using an fpc amounted to 754 tonnes/11 contracts/9 farmers - there are farmers who participate in this forum that delivered more durum than was contracted. Farmer use of EPO was about 200,000 tonnes or 5 % of the 4 MMT pool size.

Malt barley - 20,000 tonnes fpc out of a pool size of 1.85 MMT - 1 %. 400,000 epo or 22 % of pool size.

Wheat excluding durum - 3.4 MMT (2.9 MMT fpc and 500,000 tonnes dpc) out of a pool size of 15.5 MMT - 22 % pool size. EPO 800,000 tonnes or 5 % of the pool size. The wheat excluding durum programs lost $40.5 mln or about $12/tonne.

Some else can do the numbers on feed barley.

[TOM4CWB]

CHarlie,

The Barley issues are beyond comment... If Canadian Cattlemen don't get it yet... they will have to go down in flames with the CWB. I know... the CWB has been a steady ole horse... has treated them very well...

Barley acreage will drop... and if they (Livestock feeders)think they have a problem now... wait till next year!

Economics 101.

And the CWB's finger will point and blame every one else!

They Better check and see where the bottom 3 fingers on their hand point!

[charliep]

Not so sure how the livestock sector got pulled into a thread on the CWB annual report.

Note the Western Barley Growers Association convention was mostly about good opportunities for barley - it was a positive conference that dealt with more than one issue. Ethanol (yes, there is opportunity even for hulled barley), health products for an aging/health conscious society, dialogue with the livestock industry on common issues, etc.

Haven't read the annual report but will be interesting how the CWB provides their direction and comments on progress on barley marketing. Know this will open me up for a beating but the CWB does work with western grain research foundation, Canadian International Grains Institute, Grain Research Lab, Malting and Brewing Techinical Center, Alberta Barley Commission, etc.

[charliep]

Off topic (realize) but the livestock industry is recognizing the importance of participating in feed barley research. Barley has to become a more competitive/profitable crop both with other crops in western Canada and perhaps more important with US corn.

[TOM4CWB]

Charlie,

I wrote a 2 page rant... and hit 'Reset'.

You were there at the 'superpanel' at the close of Barley Convention.

Those guys had a lot of nerve telling me about the 'free market', government subsidies on biofuels... and that I owe them cheap barley.

I could read between the lines... LEAVE THE CWB ALONE.

What goes around... comes around... and this CWB annual report is not a surprise.
WHAT a LOT of LIES... the CWB has told me over the past 12 years!

The CWB managers deserve an award... for the worst managed 'single desk' on planet earth... for those who must 'wear' it!

[Fransisco]

charliep posted this on another thread but it is relevant to this one as well so I'm reposting it here.

"Page 60. Will note that durum, designated barley and feed barley contributed to the contingency fund.

Durum contributed $21,000 from 754 tonnes or about $28/tonne.

Designate barley contributed about $121,000 from contract use of 19,813 tonnes or $6/tonne.

Feed barley contributed $556,000 from a contracted volume of 11,844 tonnes or $47/tonne.

From a risk management/contingency fund perspective, what is going on here? Is it any wonder why farmers are not using the durum or barley programs?"

[charliep]

Should note the feed barley is likely interest earnings which shouldn't be distributed to farmers who delivered to the pooling account but likely could be spent better in other places than simply hiding in the contingency fund (eg. market development, research, etc).