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Reform of the Canadian Wheat Board
註釋The benefit would be that market forces determine and deliver an explicit payment to producers, via the CWB, for the value of the CWB. [...] Analogous to outsourcing of the IT-function and the foreign exchange risk management function, the CWB would contract with specialists for the marketing and trading of grains. [...] The documentation of the contract between the CWB and BWC will enable shifting these payments to the CWB, while non-performance compensation, if any, would go directly to the CWB from the insuring agent. [...] Though this is a large amount paid to the LM&T agent, the cheques to the producers would still come from the CWB, and on time, and the average return to Canadian winter wheat producers would have exceeded comparable US producers' returns for the first time in 5 years.3 By way of further explanation of our example, we are "divulging" that the winning bid by BWC was actually linked to its bid for th [...] This bid leaves the CWB with the option to choose the more advantageous price when the future has become the present, an option attractive to the CWB.