Sale of Agricore United Terminal in Vancouver

[charliep]

Just curious as to why no one have commented on the sale of the Vancouver terminal.

http://www.agriculture.com/ag/futuresource/FutureSourceStoryIndex.jhtml;jsessionid=3LGV4WB4YA NQJQFIBQPSBHQ?storyType=grain&storyId=88900327

Would seem to put more competition in port and put some of the smaller grain companies/farmer owned terminals on a better competitive footing relative to the big guys. What are others thoughts?

[crusher]

What did FNA buy?

[kamichel]

Looks to me like nothing.

[nicolaas]

Glad it got sold. Any competition on the coast that may help to bring down my elevation costs is a good thing. Sure do not like all my money going to a few big players. I like to spread it around a bit. Too bad about FNA, but at least its sold.... Now what to do about the railways...

[gregpet]

Charlie, any word on the street if this group had to make a deal with the CWB for tonnage commitment to make it feasible? What are the consequences of a CWB deal to producers, single point grain terminals and the big boys? What will a CWB deal be worth if/when wheat moves to a voluntary system? I, personally believe the west coast is overbuilt with shipping capacity and would rather see the raw product processed here at home and not shipped out.

[kamichel]

One thing I did not like about the FNA deal was that it was just a membership that the farmer purchased. Plus it sounded to good to be true. I could be wrong but as a member the farmer would not really be the owner. So then who would be the owner in the farmer member FNA deal.