This E15 decision is great news for Archer Daniels Midland.
This E15 decision is great news for Archer Daniels Midland.
That's being quite generous compared to most CEO's mandatory retirement age. Frankly, I would extend it to Congress as well.
ok, two things:
you're not selling it to the retail consumer - anyone else is some kind of middle-person.
any congress-critter shouldn't have to worry about retirement age - they should all be strictly term limited. one term. same for the senate.
no kidding. adm and cargill [one of the biggest scariest companies you've never heard of] completely dominate - you'd think that with their enormous buying power, companies like kelloggs and [former] hostess would have some kind of say in the grain markets, but the reality is that they have to kiss adm's/cargill's rear end. and make out they like it.
ethanol, that ridiculous political frankenstein, is grain market manipulation on steroids, all with taxpayer subsidy and lobbying corruption thrown in. the supremes kiss a$$ when it comes to business interests. and that's just a sorry fact.
and more famously:
Hedging is always a good thing to do because it protects the grower and I can tell you that in "lean years" it has saved our butt. Usually there is a trigger price but, if the market goes up then you get that price. I know all about Enron--lost $200,000.00 to those guys. If Skilling gets out I hope somebody finds him with some high velocity lead.
We have a whole bunch of value added ag business in ND so it can go to the folks who sell it to the retailers. These companies produce the product and then it goes to retail outlets.
I'd have no problem extending it to Congress, but at least they stand for reelection so in theory the people have a say.
I would certainly extend it to SCOTUS - 20 years or age 72 whichever comes first.
They get nutty after a while even if it's not exactly senility.
J.
ok, good. guessing you didn't get screwed by that asshole corzine - many farmers hedged with m.f. global and got thoroughly corn-holed.
it's not "if" - he's just had his sentence reduced:
justice would be better served by finding out who his friends are. skilling was no great architect - but the lawyers and accountants that devised the plans he followed sure were. and they're still walking about scott free.
sure, but like i said, many also trade on the commodity markets. they pretty much have to.
MotorsForum website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.