Farmers
Feed barley FPC
The FPC for feed barely is a pricing alternative being offered by the CWB for the 2006-07 crop year. Like other FPC programs, you can choose to lock in a price for your feed barley, providing greater control over when you are paid and how much you receive.
An FPC is available for feed barley beginning February 27, 2006. The sign-up deadline is November 1, 2006 at 7:30 a.m. CT, or until the program limit of 200 000 tones is achieved.
How the FPC for feed barley works
The FPC enables you to lock in a price for all or a portion of your feed barley before the deadline date.
The FPC value is based on the CWB Pool Return Outlook (PRO) for the reference grade of No. 1 Canada Western, minus a discount for risk, time-value of money and administration costs of the program. The producers who use it cover any costs related to the program.
The FPC provides pricing flexibility before or after your feed barley has been applied against a Guaranteed Delivery Contract (GDC). The FPC is a pricing contract only; producers must still offer their feed barley production using a CWB GDC contract during the crop year to access delivery opportunity.
If your barley is accepted as selected barley at a later date, you will have the option to transfer the tonnage to an FPC for selected barley. You will receive the selected barley value posted on the date of your feed barley FPC, and the CWB will charge a fee representing the costs of the opportunity to transfer, as determined by the current market spreads.
The FPC pricing schedule for selected barley is announced every business day at 2:30 p.m. CT and is effective until 7:30 a.m. CT the next business day.
If you choose the FPC, you receive an additional payment within 10 days of delivering and settling for your feed barley. These deliveries are no longer in the pool account and are not eligible for CWB adjustment, interim or final payments.
General information
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Feed barley producer worksheet
(PDF formata 97 KB)
Current pricing is available here or by calling the CWB's toll-free line. You can commit to contracts over the phone by providing your CWB Producer Identification Number along with your Personal Identification Number (PIN). Fax commitments are also accepted at (204) 983-8031. Sign-up application forms are available by contracting the CWB and local elevators.