Newsroom
2004
Initial payments for 2003-04 crop year increased
March 15, 2004
Winnipeg -- The CWB today announced that 2003-04 initial payments for wheat, durum, feed and designated barley will increase effective March 19, 2004.
The increase in initial payments for wheat will be $17.30 to $32.25 per tonne, depending upon the grade. In the case of durum, the increase will be $16.50 to $23.00 per tonne. For feed barley, the increase will be $17.00 per tonne, while the increase for designated barley will be $10.00 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 | Payment to date |
|
No. 1 Canada Western Red Spring Wheat 12.5 |
$143.00 |
$23.75 |
$166.75 |
|
No. 1 Canada Western Amber Durum 12.5 |
$143.00 |
$18.00 |
$161.00 |
|
No. 1 CW Barley |
$110.00 |
$17.00 |
$127.00 |
|
SS CW 2 Row Barley |
$157.00 |
$10.00 |
$167.00 |
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, 2003 and March 18, 2004 will receive an adjustment payment. The payments will be mailed on March 29, 2004 or received by direct deposit on March 26, 2004. Farmers who wish to defer payments have until March 23, 2004 to notify the CWB by calling 1-800-275-4292.
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.
For more information, please contact:
Rhéal Cenerini
Communications consultant
Winnipeg, MB
tel: (204) 983-4497