Newsroom
2002
January 2, 2002
Adjustment payments for 2001-02 crop year approved
Winnipeg -- The CWB today announced increases to the
2001-02 initial payments for wheat, durum and feed barley.
Designated barley payments were increased in September and
November 2001.
Effective January 4, 2002, initial payments for wheat will be
raised by as much as $23.20 per tonne. Initial payments for durum
will increase by up to $24.25 per tonne. Due to market factors, a
limited number of wheat and durum initial payments have not been
adjusted at this time. Feed barley will increase $20 per tonne.
The adjustment payments, in dollars per tonne, for representative
grades in each pool account are listed below. The total initial
payment to date is based on the value of grain in-store at
Vancouver or St. Lawrence.
| Grade | Initial Payment |
Adjustment Payment |
Total payment to Date |
| No. 1 Canada Western Red Spring Wheat 12.5 | $160.00 | $6.45 | $166.45 |
| No. 1 Canada Western Amber Durum 12.5 | $169.00 | $19.00 | $188.00 |
| No. 1 Canada Western Feed Barley | $110.00 | $20.00 | $130.00 |
A complete listing of payments for all grades in dollars per
tonne and dollars per bushel is posted on the CWB's Web site
(under the Payments link) at www.cwb.ca.
Farmers who delivered wheat, durum and barley to the CWB between
August 1, 2001 and January 3, 2002, will receive an adjustment
payment. The payments will be mailed on January 18, 2002 or
received by direct deposit on January 15, 2002. Farmers who wish
to defer payments have until January 9, 2002 to notify the CWB by
calling 1-800-275-4292.
This is the first adjustment to the 2001-02 wheat, durum and feed
barley initial payments. The CWB will make further adjustments to
the initial payments if sales and market conditions warrant.
Initial payments should not be confused with monthly Pool Return
Outlooks (PROs) which are the CWB's estimates of total pool year
returns.
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.