Recent comments by: Fedupwiththiscrap
Sinkorswim, Their have been more farmers walk away with just $2 than there are grower members at the present time. It cost you virtually nothing to become a member of the co-operative, so what gives you the right to grab a heap of capital in the form of shares and walk away. Those shares would eventually fall into the hands of someone with no interest in the company but to milk it for what it's worth.
There used to be another co-operative called Westralian farmers Co-operative. They used to have agencies all over as well as grocery stores in country towns which provided good quality produce and supplies at a reasonable price. The focus was on service to the co-operative members - the farmers of WA. They then became publically listed company which has gone from strength to strength providing great returns for share holders. Alas, all those terrific services to farmers and rural people are all but gone. Don't think for one minute the same result wouldn't be for CBH 10-20 - 30 years on!!
It is not just eastern wheat-belt farmers hurting. I too are close on 'the last roll of the dice'. I wouldn't mind going 'down the gurgler to Mandurah'. I'll be lucky to finish up with a humpy in the bush. Shares in CBH wouldn't make much difference. Just something else for the bank to snatch. Finance is not the problem, it is terms of trade. The greedy multinationals screw us for the inputs & pay stuff-all for what we produce. Whether it be the big guys in the wheatbelt or the small guys in the southwest, we are all being treated with the same selfish contempt.
Hear! Hear! R Ambrose Raven.
My only wish is that the first to sink would be the pushers of the private enterprise. Unfortunately that probably wont be the case.