Newsroom
2003
CWB announces interim payments for 2002-03 crop year
September 19, 2003
Winnipeg - The CWB today announced interim payments will be made on most grades of durum and designated barley delivered to the CWB during the 2002-03 crop year.
Interim payments represent partial settlement of the proceeds due to farmers from the sale of their grain. Interim payments are issued after July 31st and are an earlier payment of proceeds that would normally be included in the final payment.
The interim payments for durum wheat are from $18 to $45 per tonne with the exception of No. 5 durum, for which there is no interim payment. The interim payments for designated barley are from $15 to $30 per tonne. The attached table shows the initial payment in effect at the end of the 2002-03 crop year, the interim payment and the total paid to date, basis in store Vancouver or St. Lawrence, for several base grades of durum and designated barley. A complete list is posted on the CWB Web site at www.cwb.ca. Payment rates for specific grades can also be obtained by calling the toll-free line at 1-800-275-4292. To estimate the remaining payments, compare the total paid to date with the CWB's July Pool Return Outlook (PRO) for the 2002-03 crop year which is posted on the Web site as well.
Interim payment cheques will be mailed to farmers on October 3, 2003. Direct deposit payments will be credited to most farmers' accounts by their financial institution on September 30, 2003. If you wish to defer your payment, please call the CWB at 1-800-275-4292 by September 25, 2003.
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2002-03 initial payments (in store Vancouver or St. Lawrence)* |
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|
Grade |
Initial |
Interim |
Total |
|
(dollars per tonne) |
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|
Durum |
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|
No. 1 Canada Western Amber Durum (14.5) |
231.80 |
43.00 |
274.80 |
|
No. 1 Canada Western Amber Durum (13.0) |
225.05 |
43.00 |
268.05 |
|
No. 1 Canada Western Amber Durum (12.5) |
223.00 |
43.00 |
266.00 |
|
No. 1 Canada Western Amber Durum (11.5) |
219.00 |
42.00 |
261.00 |
|
No. 2 Canada Western Amber Durum (11.5) |
209.50 |
43.00 |
252.50 |
|
No. 3 Canada Western Amber Durum |
197.50 |
28.00 |
225.50 |
|
No. 4 Canada Western Amber Durum |
171.00 |
26.00 |
197.00 |
|
Designated Barley |
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|
Special Select Canada Western Two-Row |
208.00 |
21.00 |
229.00 |
|
Special Select Canada Western Six-Row |
188.00 |
23.00 |
211.00 |
|
Special Select CW Six-Row B1602 |
198.00 |
23.00 |
221.00 |
|
Select Canada Western Two-Row |
205.50 |
21.00 |
226.50 |
|
Select Canada Western Six-Row |
185.50 |
23.00 |
208.50 |
|
Select Canada Western Six-Row B1602 |
195.50 |
23.00 |
218.50 |
|
Standard Select Canada Western Two-Row |
203.00 |
21.00 |
224.00 |
|
Standard Select Canada Western Six-Row |
183.00 |
23.00 |
206.00 |
|
Standard Select CW Six-Row B1602 |
193.00 |
23.00 |
216.00 |
|
Sample Select CW Two-Row acct Fusarium |
175.00 |
31.00 |
206.00 |
|
Sample Select CW Six-Row acct Fusarium |
163.00 |
17.00 |
180.00 |
|
Select Canada Western Two-Row Hulless |
193.00 |
15.00 |
208.00 |
|
Select Canada Western Six-Row Hulless |
182.00 |
- |
182.00 |
|
Food Select Canada Western Two-Row |
193.00 |
23.00 |
216.00 |
|
Food Select Canada Western Six-Row |
183.00 |
23.00 |
206.00 |
|
* Freight, elevation and dockage charges will be deducted from the initial payments at country elevators. Deductions will vary by delivery point and pool account. |
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| Metric Conversions | |||
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Wheat and durum |
One tonne = 36.744 bushels |
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Barley |
One tonne = 45.930 bushels |
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Controlled by western Canadian farmers, the CWB is one of the largest wheat and barley marketers 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 marketing costs, to Prairie farmers.
For more information, please contact:
Rhéal Cenerini
Communications consultant
Winnipeg, MB
tel: (204) 983-4497