Bet on the CWB

[CptnObvious]

101, you are one of the few here that can still think. I know the spreads vary but at the worst in your chart they are still $5/%. In '12 - '13 they were almost nothing. My research historically compared #2, 14.5% to feed and showed an average spread of $79/t. It was never worse than $40/t. My numbers also show spreads very narrow in the summer, wider the other 3 seasons. Don't know why.

[farming101]

The only time the CWB was subsidized by the taxpayer was once in 1935.

Other times the producer was called on...
The PPO program was flying high in 07/08 until the short position in Minneapolis caused a 467 million dollar loss and a hit to the whole program to the tune of 89.5 million

[macdon02]

It's dead

[CptnObvious]

101, the program had its' hazards and was replaced. Are you saying that that one $89.5 million loss( not subsidized by the taxpayer as was the original point... but not important...Oh wait, I see your emphasis) was worse than the $1b, $2b, and sometimes $3 billion losses in every year since the end of the CWB?

[farming101]

The 467 million hedging expense was real money

[CptnObvious]

So is the approx. $10 billion we've lost in 6 years. I win. Unfortunately.

[samhill]

I'll just say 'I like my freedom and I'm willing to pay for it'
Price of land and machinery and inputs has sure gone up tho'

[sumdumguy]

The CWB was proven a fair trader more than a dozen times in U.S. courts. A five year survey done not long before the CWB was murdered showed that Canadian wheat priced higher than U.S. wheat in American mills 59/60 months. The only time the CWB was subsidized by the taxpayer was once in 1935. The CWB was able to use its' reputation for quality to differentially price into different markets, and to make customers want 'Canadian' brand wheat. To say the CWB wouldn't work today because nobody cares where the grain is from because the CWB isn't there to make a difference is circular reasoning.

If the CWB was so frickin great, why weren't Ontario and Peace River farmers screaming to be included? Just to answer my own question - they knew how Western farmers were being hosed and wouldn't touch it with a ten foot pole!

[CptnObvious]

The Pease was part of the CWB. Ontario grew medium protein wheat and sold most of it very close to home. I'm sure you've had the exact same point explained to you a dozen times. Different place, different problems, different solutions.

[makar]

I am in the peace and i have a drawer full of old permit books, also the check the final year of the cwb was alive i had to pay out my contract, havent shed a tear since.

[sumdumguy]

If the CWB was so frickin great, why weren't Ontario and Peace River farmers screaming to be included? Just to answer my own question - they knew how Western farmers were being hosed and wouldn't touch it with a ten foot pole!

The "Pease" is in BC isn't it? I guess a small part of BC was included - maybe "Pease". But answer me Oblivious why was the rest of Canada not clammering to be included? You know why, that's why you won't answer.

[farming101]

So is the approx. $10 billion we've lost in 6 years. I win. Unfortunately.

Good. Thanks for self-declaring the winner.
You've been a gentleman and a scholar

[Guest]

it's over then ? , lol.......

[parsley]

If the CWB was so frickin great, why weren't Ontario and Peace River farmers screaming to be included? Just to answer my own question - they knew how Western farmers were being hosed and wouldn't touch it with a ten foot pole!

Neither Ontario or Quebec farmers mounted a credible lobby to join the CWB because they chose to avoid doing so.; nor did Ontario or Quebec MP's work towards extending the designated area to either Eastern province when federal legislation was schemed.

BUT the Eastern MP's did mount a united front to divorce Quebec and Ontario from ever being part of the initial Designated area legislation

They weren't stupid. Nor socialists. Tommy Douglas was the loudmouth loser who pushed for Western farmers' grain to be nationally governed.

Yup. Another Saskatchewan premier, remember him?, tried to corral Saskies into state farming, just as China does. Communism.

Both Eastern provinces were delighted to see their grain sell anywhere in Canada, or anywhere in the world, with all licensing requirements fulfilled by the CWB; the licensing costs paid for by only Western farmers, no buybacks, and no licensing refusals

Suckers. Pars.