“In a July blog post, Agfinity president Joseph Billett said the newer contracts were necessary to support cash flow due to narrow margins.” - from the Western Producer article. Here is the thing. Brokers work on set fees not fluctuating markets so Joe changed his model because he structured a company and operated beyond its income. By changing this, he got his sticky fingers on money that didn’t belong to him which he spent instead of paying the farm. It seems like an open and shut case of fraud. I’m not sure it can be any clearer.
@Kotyjo Wouldn’t be something if there was a math calculation to add a premium for dry canola? I am thinking it is probably the reverse calculation for discounts that are applied for canola over 10% 🤔 weird…
Can we stop using words like “premium” and “special” for basis levels that would’ve been considered poor in 2017. On the other hand, maybe “special” is the right word, but certainly not because it’s the good kind of “special”. Basis levels remain pathetic… #wheat#canola#grain
@wtfuturespod The old Chinese canola restriction… where have we seen this before? Probably best that all the stronger language got out of my system before recording 😂 I think it’s safe to say that farms are tired of bearing the consequence of government foolishness!
China is 'going to retaliate' over Canada's tariff hikes, experts say…
For the love of God, please pick an industry that impacts the current government’s voting base!! Going after #canola won’t concern the current government. https://t.co/CqGwtXjzUG