Recent comments by: beacon boy
budget update the other day ... we will be going backwards after we have banked this record crop. cbh will record another record profit guaranteed.
confidence fast evaporating as the wheat price simply tumbles! down $45/t in under a month!
as a long time coop supporter I've had it up to here from the board with the so called network plan we never get to see. It's obvious there is no plan so for me the AGC proposal shows leadership which this company needs. the reality is CBH has to get efficient or it is going the way of the dodo along with our equity. put it to a vote mr Newman .. What are you afraid of ? Growers exercising a bit of democratic right??
out these parts the grdc drain is taking its toll. been a while since we turned a profit for consecutive years. no amount of research will make it rain more.
more equity on the other hand will make us more resiliant. the system is broke, the only free riders as far as i can see is the grdc.
because cbh has a virtual monopoly at the ports it is important for all growers they invest to manage exporting every last tonne of grain in a timely fashion. a 1,2,3 or 5mmt overhang would be disastrous for the basis and prices. if they have to mange risk then they need to have their monopoly broken up for them so other will invest where they are not!!!!
while cbh is off on a tangent making plans to expand in NSW, it is dropping the ball with growing opportunities in its own back yard.
with the advantages a monopoly brings, investments will be safer in that back yard too.
wake up cbh. while you're asleep, we are cropping more land, feeding soils with massive amounts of lime, grinding gravel rock country, dropping hay area, pulling out bluegums, all to grow more grain.
wa is headed for a 20mmt crop in time and cbh won't be able to get rid of it, leaving us vulnerable to low price pressure
I'm forward sold 30pc at $310 SWAP but the thing that is killing me and my bank is the falling land prices. My equity keeps falling and I haven't turned a wheel in the last 2 months. Where is the bottom for land prices? Very worrying times.