Newsroom
2002
September 12, 2002
Initial payments for 2002-03 crop year
increased
Winnipeg -- The CWB today announced that 2002-03 initial
payments for wheat, durum, feed and designated barley will
increase effective September 17, 2002.
The increase in initial payments for wheat will be $5 or $32 per
tonne, depending upon the grade. In the case of durum, the
increase will be $5 or $20 per tonne. For feed barley, the
increase will be $25 per tonne, while the increase for designated
barley will be $41 or $43 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 | $149.00 | $32.00 | $181.00 |
| No. 1 Canada Western Amber Durum | $175.00 | $20.00 | $195.00 |
| No. 1 CW Barley | $105.00 | $25.00 | $130.00 |
| SS CW 2 Row Barley | $147.00 | $43.00 | $190.00 |
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 Farmer Contracts and Payments link) at
www.cwb.ca.
Farmers who delivered wheat, durum, barley and designated barley
to the CWB between August 1, 2002 and September 16, 2002, will
receive an adjustment payment. The payments will be mailed on
September 27, 2002 or received by direct deposit on September 24,
2002. Farmers who wish to defer payments have until September 19,
2002 to notify the CWB by calling 1-800-275-4292.
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.