Newsroom
2005
Initial payments for 2004-05 crop year increased
Feb. 11, 2005
Winnipeg -- The CWB today announced that 2004-05 initial payments for wheat, durum and designated barley will increase effective February 15, 2005.
The increase in initial payments for wheat will be $2.35 to $30.30 per tonne, depending upon the grade. On feed wheat and some minor classes of wheat there will be no increase in payment. In the case of durum, the increase will be $2.00 to $35.20 per tonne, except for No. 5 Canada Western Amber Durum, which will not increase. For designated barley, the increase will be $21.00 per tonne on two-row and $18.00 on six-row.
The adjustment payments, in dollars per tonne, for representative grades in each pool account are listed below. The total initial payment to date is based on the value of grain in store at Vancouver or St. Lawrence.
| Grade |
Initial
payment |
Adjustment
payment |
Total payment
to date |
| No. 1 Canada Western Red Spring wheat 12.5 |
$150.00
|
$12.10
|
$162.10
|
| No. 1 Canada Western Amber Durum wheat 12.5 |
$141.00
|
$15.00
|
$156.00
|
| SS CW Two-row barley |
$133.00
|
$21.00
|
$154.00
|
A complete listing of payments for all grades in dollars per tonne and dollars per bushel is posted on the CWB's Web site.
Farmers who delivered wheat, durum and designated barley to the CWB between August 1, 2004 and February 14, 2005 will receive an adjustment payment. The payments will be mailed on February 25, 2005 or received by direct deposit on February 22, 2005. Farmers who wish to defer payments have until February 17, 2005 to notify the CWB by calling 1-800-275-4292.
Controlled by western Canadian farmers, the CWB is the largest wheat and barley marketer in the world. As one of Canada's biggest exporters, the Winnipeg-based organization sells grain to more than 70 countries and returns all sales revenue, less the costs of marketing, to Prairie farmers.
For more information, please contact:
Rhéal Cenerini
Communications consultant
Winnipeg, MB
tel: (204) 983-4497