CWB 'Incremental Value'

[TOM4CWB]

Dear Charlie,

I see my (2008-09) $4.70/t July payment... for delivery late in the crop year... has become $.60/t for June/July (2009-10).

Are the CWB serious that this is the cost of money now?

[mcfarms]

Tom

Looking at our operating companies MMF statement over the past 6-7 months we have seen close to a 75 percent reduction in our monthly payouts with an actual increase in the fund holdings so I'm afraid that perhaps the answer is yes the cost of money is that cheap.

PS Are you feeling better??

[TOM4CWB]

MCFARMS,

If this is the case... then our CWB Crop advances should have the interest rates cut by 80% as well.

What are the chances this will happen?

I am doing much better; Thanks!

[mcfarms]

Tom

yah right , likely as much as any of the threads on here staying on topic or having a greater than 50 percent chance of being on marketing.