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Farmers

Wheat Storage Program

The Wheat Storage Program will close on July 31, 2007.

The premiums currently in effect (see below) will not change before the program deadline.

Important: To compensate for a lack of bin space due to storing grain under the program, farmers will receive an early delivery opportunity for 2007-08 crop equal to the number of tonnes committed to the WSP, in addition to regular delivery calls in effect.

Current Wheat Storage Program contract premiums: 15.0 protein - $17.00 per tonne. 14.5 to 14.9 protein - $12.00 per tonne. This premium is effective from 2:30 p.m. CST on Wednesday, July 11, 2007 until 11:59 p.m. CST on Tuesday, July 31, 2007.

The Wheat Storage Program (WSP) is a delivery option that allows you to receive a contract premium and storage payment to store your high-quality, high-protein, No. 1 Canada Western Red Spring (CWRS) wheat on-farm.

Farmers can sign-up by faxing the 2007-08 Wheat Storage Program Contract Sign-up Application to the CWB at 1-204-983-8031 or by calling 1-800-275-4292 with your CWB producer ID number and PIN.

Program details:

• farmers can sign up with a minimum of 80 tonnes
• farmers must send a representative sample to confirm the grain meets the program requirements
• contract is accepted once grade and protein is confirmed as No. 1 CWRS 14.5 to 14.9 protein or as No. 1 CWRS 15.0 protein and higher
• farmer receive a premium once the grain is accepted into the program
• farmers receive storage payments of $1 per tonne per month from the date of contract sign-up until the cash ticket date or expiration of the delivery call, whichever is earlier
• CWB guarantees 100 per cent acceptance of grain committed to the program
• farmers are expected to deliver 100 per cent of tonnes committed to the program
• CWB guarantees delivery call by July 31, 2008 and once announced, farmers have 30 days to deliver their grain
• early delivery opportunity in 2007-08 to compensate for lack of bin space for new crop production
• farmers can choose which pool return they wish to receive
• if no choice is made by July 31, 2007, farmers will automatically receive the 2007-08 pool return.

Participating grain companies and delivery points:

Agricore United Agassiz	Louis Dreyfus Limited Rathwell
Cargill Camrose Oakner	Parrish & Heimbecker Bow Island Dutton
Great Northern Grain Killam	Paterson Global Foods Dunmore Killarney Morris Swift Current Winnipeg
James Richardson International Corinne Killarney Lamont Legacy Junction Marshall Nesbitt Swift Current Weyburn	Saskatchewan Wheat Pool Boissevain Brada Fairlight Killam Knox Lavoy Maple Creek Weyburn
JRI-TriLake Agra Killarney	Weyburn Inland Terminal Weyburn

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