Newsroom
2007
CWB expands delivery choice for farmers across the Prairies
July 30, 2007
Winnipeg - The CWB has expanded its Delivery Exchange Contract (DEC) across Western Canada so that all Prairie farmers can trade delivery periods among themselves to suit their business needs. The DEC was launched as a pilot program in 2006-07 to provide farmers with greater control over delivery timing.
“Farmers get paid when their grain is delivered, which is why more control over delivery opportunities is critical to their businesses,” CWB President and CEO Greg Arason said. “Farmers who took part in last year’s pilot DEC told us the 100-per-cent acceptance and defined delivery periods were the program’s most important features. I’m pleased that we are now able to offer this flexibility to all producers.”
The pilot DEC was only offered to farmers in southern Saskatchewan. Beginning August 1, all farmers in Western Canada delivering Nos. 1, 2, 3 or 4 Canada Western Red Spring (CWRS) wheat can exchange their delivery periods with other farmers in the program, enabling them to deliver more of their crop earlier or later in the marketing year, according to their own needs.
The DEC will have 100-per-cent acceptance, similar to Guaranteed Delivery Contracts. Sign-up will be on a first-come, first-served basis until October 31, 2007 or earlier if the 500 000 tonne volume cap is reached.
Farmers can access a list of available delivery trading opportunities at www.cwb.ca, or by calling the CWB at 1-800-275-4292. They will be provided with a list of names in order to make private arrangements for trading their delivery periods with another participating farmer. The exchanges will be recorded by the CWB.
Controlled by western Canadian farmers, the CWB is the largest wheat and barley marketer in the world. One of Canada’s biggest exporters, the Winnipeg-based organization sells grain to more than 70 countries and returns all sales revenue, less marketing costs, to Prairie farmers.
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For more information, contact:
Maureen Fitzhenry
Media Relations Manager
Tel: (204) 983-3101
Cell: (204) 227-6927