Badger goes for nine in a row

26 Jan, 2013 01:00 AM
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Pingrup farmer Trevor Badger said the job hasn't finished yet.
Pingrup farmer Trevor Badger said the job hasn't finished yet.

AFTER six years as a director of CBH it could be argued that Pingrup farmer Trevor Badger has done some hard time.

But Mr Badger is a passionate man with a desire to continue helping growers.

He is standing for re-election for District 4 as a CBH director and said there were still things he would like to see changed in the co-operative.

"After six years of hard but successful work, the direction has turned towards the grower and away from CBH as a business," Mr Badger said.

"I think the previous direction was about a big business that could be put on the market and listed but now I think we are about halfway through the turn where we are looking after the growers first."

Mr Badger said initially the only reason he had gone for the board position was to support CBH in remaining as a co-operative, but there were still many other things which needed to be done.

"The job hasn't finished," he said.

"CBH is talking about value and returning it to growers and it is good to talk about it but I want to see it happen.

"There is a big difference between talking and acting.

"I believe the co-op can do it and I believe that the members want the co-op to do it."

Mr Badger said he wanted to see cuts to costs for growers' right across the board and CBH was on its way to doing that.

"For example, the rail investment is the first investment that CBH has ever made that has reduced costs for growers," he said. "And that is something that is measurable, tangible and real.

"Anybody using rail today is paying seven per cent less than last year.

"That is an incredible achievement in the face of rising costs and in a difficult economic environment.

"I believe there is room for probably 20 per cent reductions (in rail freight) and I think there will be a 5pc reduction next year due to operating efficiencies in operating the rail.

"And there could easily be 15pc rail reductions if we were able to work with government and Brookfield about the access to the rail and the rent we pay on rail."

CBH announced a record profit last week of $162.4 million and Mr Badger said it would be great to see that returned to growers.

"Record profits never look good for growers, especially when it comes off a couple of lean years," he said. "You mustn't jump at shadows and what is important is this record profit is invested where it helps the growers and not sent overseas and turned into investments overseas that the growers will never see a cent from."

Mr Badger said he would like to see parts of CBH, such as CBH Grain, make less of a profit and the foregone profit be transferred into better CBH grain prices.

"I can't see a point in CBH grain paying 30pc corporate tax when most members are battling to make a profit, let alone pay tax," he said.

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READER COMMENTS

X Ag Socialist
26/01/2013 8:31:38 AM, on Farm Weekly

Wrong Trevor some fifty odd years ago CBH started a Investment program to Improve the Ports and replace CBH country elevator's and clark shove's with the facilities we now have at our up-country storage sight's. This was the second greatest achievement of CBH the first was replacing bags. My point is Investment to reduce cost has been continuous and should remain so, CBH net worth will grow but don't be concerned it has to occur as we move into grain handling and marketing in the twenty first century.
Deregul8
28/01/2013 5:52:51 PM, on Farm Weekly

cross subsidisation ain't a sustainable way to drive efficiencies in any business or farm sector. 25% of CBH shareholders could struggle to get necessary finance to grow the crops they would like. hardly positive for a co-op that has a break even point around the 6-7 mmt level. corporatise to galvanise support for CBH from disheartened growers (usually the most poriftable to CBH) and underwrite robust production by dealing with the debt mess that has been dug in this state.
CBH Equity ?
29/01/2013 10:16:14 AM, on Farm Weekly

None of these turkeys are addressing the elephant in the room. Farmers need funds cos the banks are saying 'no'. It's all right for you Western Districts farmers cos land prices aren't falling away. Its crunch time in the East
Drowning in debt
1/02/2013 11:28:04 AM, on Farm Weekly

What about our equity? Is the board that far removed from the debt mess out here in the eastern Wheatbelt. Farmers are NOT getting necessary finance. That means they don't produce grain for you blokes to handle. See the negative feedback here. I'm sick of the same old director diatribe. Show us the money!

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