Recent comments by: Wifey
Getting a significant amount of capital on each farming business balance sheet would be the answer. Oh! Demutualise CBH ownership and put that capital back where it belongs. On each member of the system's capital balance. We are not selling off the co-op we are just rightfully putting the owernership vehicle in it rightful place. Those who want to remain in co-op can and those who want to retire can exit with capital.
We as businesses are responsible for our own debts. We have our CBH asset so selling it and remaining viable is a tangible option to stay farming or retire with some capital. Small wheat bins are now closing under the co-op model so same old argument. All this pain has happened now under this model so how can it be better. CBH has competition and it will have to reflect higher charges in the next seasons to cover costs as tonnage will leak out of its system. Another bad year and CBH will be stuffed anyway. Get it demutualized now so every farmer can benefit in real terms.
$2 for our share. What an insult. We have farmed for over 30 years and deserve our share of the CBH equity. Not much fun walking out after a lifetime of hard work with not even a roof over our heads. Get real, demutualise CBH and give farmers their rightful capital to keep farming.