Newsroom
2001
April 26, 2001
Adjustment payments for 2000-01 crop year
approved
Winnipeg -- The CWB today announced that the
Government of Canada has approved increases to the 2000-01 initial
payments for wheat, durum, feed barley and designated barley.
Effective May 1, 2001, initial payments for wheat will increase up
to $14 per tonne depending on the class and grade. Initial payments
for durum will increase up to $22 per tonne. Feed barley prices
will increase $10 per tonne and designated barley initial payments
will increase $5 or $12 per tonne. The adjustment payments, in
dollars per tonne, for representative grades in each pool account
are listed below. The total payment is based on the value of grain
in store at Vancouver or the St. Lawrence.
| Grade | Initial Payment |
Adjustment Payment |
Total To date |
|
| Wheat | No. 1 Canada Western Red Spring 12.5 | $157.00 | $11.00 | $168.00 |
| Durum | No. 1 Canada Western Amber Durum 12.5 | $174.00 | $12.00 | $186.00 |
| Feed barley | No. 1 Canada Western | $115.00 | $10.00 | $125.00 |
| Des. barley | Special Select Canada Western 2-Row | $182.00 | $5.00 | $187.00 |
| Des. barley | Special Select Canada Western 6-Row | $146.00 | $12.00 | $158.00 |
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, 2000 and April 30, 2001, will receive an adjustment
payment. The payments will be mailed on May 11 or received by
direct deposit on May 8. Farmers who choose have until May 2 to
defer payments through the CWB by calling 1-800-275-4292.
This is the second adjustment to the 2000-01 initial payment. The
CWB monitors pool account activity throughout the crop year.
Recommendations for further adjustments to the initial payments
will be made when 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.
The CWB is the world's largest farmer-controlled wheat and barley
marketer. Headquartered in Winnipeg, Manitoba, it is one of
Canada's biggest exporters and the largest net earner of foreign
currency. Marketing Prairie-grown wheat and barley to over 70
countries around the world, the CWB returns all sales revenue, less
the costs of marketing, to farmers in Western Canada.