CWB adds interim payments for 2011-12

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Prairie farmers who delivered wheat, durum and malting barley to CWB during the 2011-12 crop year are now up for an interim payment next month.

CWB announced the interim payments Wednesday, ranging from $6.80 up to $50.95 per tonne on various grades of wheat, $20.90 up to $40.80 per tonne on various grades of durum and $11.70 up to $19.70 per tonne on various designated barley.

For example, the low-end interim payment of $6.80 per tonne on wheat is for No. 1 Canada Western red spring (CWRS) with no additional protein break, basis in-store Vancouver or St. Lawrence.

The top-end interim payment on wheat, $50,95 per tonne, will be paid on deliveries of No. 3 CWRS (13.5 and 13.6 per cent protein) and No. 3 CW hard white spring (13.5 and 13.6 per cent protein).

Examples of interim payments on durum run from $20.90 per tonne for No. 5 CW amber durum (CWAD) to $40.80 per tonne for No. 4 CWAD.

Interim payments on malting barley include $11.70 per tonne for Sample Select CW two-row (account fusarium), $14.70 for Select CW two-row, two-row (food) and two-row (hulless), $16.70 for Select CW six-row and six-row (hulless) and Sample Select CW six-row (account fusarium) and $19.70 for Select CW six-row (food).

Interim payments, issued after a given crop year ends, are an earlier payment of proceeds which otherwise would be part of CWB’s final payment to farmers, issued after the crop year’s accounts are finalized.

In this case, farmers who are set up to receive direct deposits from CWB will see the payments banked on Dec. 4, while those who still receive payment by cheque can expect to start seeing cheques in the mail by Dec. 13, the former Canadian Wheat Board said.

Farmers who wish to defer these interim payments have until Nov. 30 to notify CWB by phone or online.