Originally posted by cropgrower
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Comment: The return of the Wheat pool? Australia still has a strong coop.
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Wished I was there at that all candidates forum in North battleford when that ndp candidate lost his shitz on Ritz and called him a bastard for dismantling his beloved wheat board, only to be booed and told to shut up.
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Are you guys confused again about what CBH in Australia does?
CBH is not a single desk seller. Its a farmer own grain handler that lowers the cost of grain handling by 15% for members as compared to the multinationals.
With a 62 per cent share of the grain handling business and A$4 billion in annual revenue, CBH had a record annual profit of A$497 million in 2022 and has reported record-breaking supply chain performance for its 2023 harvest.
Those results belong to CBH’s Australian farmer-members. CBH’s success can be attributed to its efforts to support its members by investment in the infrastructure — rail transport, port terminals, marketing, export and processing — needed to lower grain handling costs for producers.
As a result, CBH says average post-farmgate costs for its members are 15 per cent lower than for Australian farmers who rely on multinational corporations (including companies like Bunge and Viterra) for storage, movement, marketing and export.
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But you don't seem to mind if the grain industry has a near monopoly with little real competition?
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They pay when they get the grain , not when they feel like itLast edited by cropgrower; Feb 12, 2024, 09:10.
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Originally posted by chuckChuck View PostBut you don't seem to mind if the grain industry has a near monopoly with little real competition?
Tom was there also. Pretty sure a couple others from here were as well.Last edited by LEP; Feb 12, 2024, 14:19.
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Originally posted by AlbertaFarmer5 View Post
Didn't you just describe the CWB? Except it was an absolute monopoly. With absolutely no competition. Enforced by law.
Every one that ever applied for a permit book was a liar to try get a every acre possible.
Some were a lot better at it than most.
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