Newsroom
2002
October 4, 2002
CWB announces interim payments for 2001-02 crop year
Winnipeg - The CWB today announced interim
payments will be made on most grades of wheat, durum and feed
barley delivered to the CWB during the 2001-02 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 wheat range from $5 to $12 per tonne.
The interim payments for durum wheat are from $27 to $35 per
tonne with the exception of the payment for No. 5 durum which is
$8 per tonne. Feed barley growers will receive interim payments
of $30 per tonne. There will not be an interim payment for
designated barley. The attached table shows the initial payment
in effect at the end of the 2001-02 crop year, the interim
payment and the total paid to date, basis in store Vancouver or
St. Lawrence, for several base grades of wheat, durum and 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 September Pool Return
Outlook (PRO) for the 2001-02 crop year which is posted on the
Web site as well.
Interim payment cheques will be mailed to farmers on October 18,
2002. Direct deposit payments will be credited to most
farmers’ accounts by their financial institution on
October 16, 2002. If you wish to defer your payment, please call
the CWB at 1-800-275-4292 by October 10, 2002.
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.
|
2001-02 INITIAL PAYMENTS (in store Vancouver or
St. Lawrence)*
|
||||
|
Interim
|
||||
|
Payment
|
Total
|
|||
|
Initial
|
effective
|
to
|
||
| Grade |
Payment
|
Oct. 3/02
|
date
|
|
|
(dollars per tonne)
|
||||
| WHEAT | ||||
| CWRS | No. 1 Canada Western Red Spring (14.5) |
204.90
|
7.00
|
211.90
|
| No. 1 Canada Western Red Spring (13.5) |
198.30
|
8.00
|
206.30
|
|
| No. 1 Canada Western Red Spring (12.5) |
193.15
|
8.00
|
201.15
|
|
| No. 1 Canada Western Red Spring (11.5) |
188.15
|
8.00
|
196.15
|
|
| No. 2 Canada Western Red Spring (13.5) |
192.85
|
7.00
|
199.85
|
|
| No. 2 Canada Western Red Spring (12.0) |
185.95
|
6.00
|
191.95
|
|
| No. 3 Canada Western Red Spring |
176.35
|
9.00
|
185.35
|
|
| CPSR | No. 1 Canada Prairie Spring Red |
168.25
|
10.00
|
178.25
|
| CPSW | No. 1 Canada Prairie Spring White |
178.75
|
9.00
|
187.75
|
| CWRW | No. 1 Canada Western Red Winter |
164.05
|
11.00
|
175.05
|
| CWES | No. 1 Canada Western Extra Strong |
170.45
|
11.00
|
181.45
|
| CWSWS | No. 1 Canada Western Soft White Spring |
197.40
|
5.00
|
202.40
|
| CWF | Canada Feed |
133.40
|
10.00
|
143.40
|
| DURUM | No. 1 Canada Western Amber Durum (14.5) |
227.55
|
33.00
|
260.55
|
| No. 1 Canada Western Amber Durum (13.0) |
221.55
|
34.00
|
255.55
|
|
| No. 1 Canada Western Amber Durum (12.5) |
219.75
|
34.00
|
253.75
|
|
| No. 1 Canada Western Amber Durum (11.5) |
216.25
|
34.00
|
250.25
|
|
| No. 2 Canada Western Amber Durum (11.5) |
208.50
|
35.00
|
243.50
|
|
| No. 3 Canada Western Amber Durum |
195.25
|
32.00
|
227.25
|
|
| No. 4 Canada Western Amber Durum |
175.25
|
32.00
|
207.25
|
|
| BARLEY | No. 1 Canada Western |
137.00
|
30.00
|
167.00
|
| * Freight, elevation and dockage charges will be deducted from the initial payments at country elevators. Deductions will vary by delivery point and pool account. | ||||