Newsroom
2005
Initial payments for 2005-06 crop year increased
November 22, 2005
Winnipeg -- The CWB today announced that 2005-06 initial payments for wheat, durum, feed and designated barley will increase effective November 28, 2005.
The increase in initial payments for wheat will be $11.50 to $37.90 per tonne, depending upon the grade and class. In the case of durum, the increase will be $5.00 to $16.50 per tonne. For feed barley in Pool A, the increase will be $32.00 per tonne, while the increase for designated barley will be $22.00 for two-row and $24.00 for six-row varieties.
The adjustment payments, in dollars per tonne, for representative grades in each pool account are listed below. The total initial payment to date is basis in-store Vancouver or St. Lawrence and must be adjusted for freight/elevation charges to arrive at farm gate prices.
| Grade |
Initial
payment |
Adjustment
payment |
Total Payment
to date |
| No. 1 Canada Western Red Spring Wheat 12.5 |
$127.00
|
$29.50
|
$156.50
|
| No. 1 Canada Western Amber Durum 12.5 |
$130.00
|
$12.00
|
$142.00
|
| No. 1 CW Barley (Pool A) |
$73.00
|
$32.00
|
$105.00
|
| SS CW 2 Row Designated Barley |
$119.00
|
$22.00
|
$141.00
|
| SS CW 6 Row Designated Barley |
$107.00
|
$24.00
|
$131.00
|
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, barley and designated barley to the CWB between August 1, 2005 and November 28, 2005 will receive an adjustment payment. The payments will be mailed by December 9, 2005 or received by direct deposit on December 6, 2005. Farmers who wish to defer payments have until November 29, 2005 to notify the CWB by calling 1-800-275-4292.
Initial payments should not be confused with monthly Pool Return Outlooks (PROs) which are the CWB's estimates of total returns in each of the pool accounts. The initial payments represent a portion of the final returns that farmers can expect to receive for grain sold through the CWB.
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