Newsroom
2005
CWB announces interim payments for the 2004-05 crop year
October 26, 2005
Winnipeg -- The CWB today announced interim payments will be made on all grades of wheat and durum delivered to the CWB during the 2004-05 crop year, as well as feed barley delivered into the 2004-05 Pool B.
Interim payments represent partial settlement of the proceeds due to farmers from the sale of their grain. Interim payments are issued after July 31 (the crop year runs from August 1 to July 31) and are an earlier payment of proceeds that would otherwise be included in the final payment.
The interim payments for wheat are from $6 to $21 per tonne. The interim payments for durum wheat are for $9 to $22 per tonne. The interim payments for feed barley Pool B are from $40 to $44 per tonne. There are no interim payments for designated barley; remaining funds in that pool will be disbursed as final payments.
The attached table shows the initial payment in effect at the end of the 2004-05 crop year, the interim payment and the total paid to date, basis in store Vancouver or St. Lawrence, for base grades of wheat, durum and feed barley. A complete list is posted on the CWB Web site.
Payment rates for specific grades can also be obtained by calling the CWB toll-free at 1-800-275-4292. To estimate the remaining payments, compare the total paid to date with the CWB's September 2005 Pool Return Outlook (PRO) for the 2004-05 crop year, which is also posted on the Web site.
Interim payment cheques will be mailed to farmers on October 25, 2005. Direct deposit payments will be credited to most farmers' accounts by their financial institutions on October 26, 2005.
|
Grade
|
Initial
payment |
Interim
payment |
Total
payment to date |
|
No. 1 Canada Western Red Spring wheat 12.5
|
$177.10
|
$7
|
$184.10
|
|
No. 1 Canada Western Amber Durum wheat 12.5
|
$186
|
$12
|
$198
|
| No. 1 CW Barley |
$74
|
$40
|
$114
|
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