The federal government has approved substantial raises in the Canadian Wheat Board’s 2007-08 initial payments for Prairie wheat, durum and barley, by as much as $131.25 per tonne for No. 1 Canada Western Amber durum.
The CWB announced the approved increase Friday, the same day as a new interim payment for durum and some barleys delivered to the CWB during the 2006-07 crop year.
The increased ’07-08 initials for wheat range from $41.30 (No. 1 CWRS 15.5) to $61.70 (No. 2 CWRS 11.0) per tonne. For milling durum, the raises in initials range from $115.15 (No. 2 CWAD 15.5) to $131.25 (No. 1 CWAD) per tonne.
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Feed barley initials in the 2007-08 Pool A will increase $100 per tonne, while the raises for designated barley range from $52.50 (Sample Select six-row, account fusarium) to $61.50 (Select, Standard Select and Special Select CW two-row and Select CW two-row hulless) per tonne.
Farmers who delivered these crops to the CWB between Aug. 1 and Nov. 21 this year will get an adjustment payment, mailed by Dec. 7 or direct-deposited on Dec. 4. Farmers who want to defer payments have until Nov. 28 to inform the CWB.
2006-07 interims
Meanwhile, interim payments will be made on all grades of durum and designated barley delivered to the CWB during the 2006-07 crop year, as well as for Pool B feed barley.
The interim payments will be $9 per tonne for durum, $8 per tonne for designated barley and $53 per tonne for Pool B feed barley.
The board said in its release Friday that it’s looking into the idea of combining this interim with the upcoming 2006-07 final payment. The CWB said to watch for a further announcement on that matter, but if approved, it’s expected the combined payments would be mailed or deposited on Dec. 18.
Representative CWB adjustment payments per tonne, 2007-08 crop year, basis in-store Vancouver or St. Lawrence before freight/elevation charges.
| Grade | Initial | Adjustment | Total | Oct. ’07- |
| payment | payment | to date | 08 PROs | |
| No. 1 CWRS 12.5 | $176.00 | $54.50 | $230.50 | $292.00 |
| No. 1 CWAD 12.5 | $187.50 | $127.00 | $314.50 | $467.00 |
| No. 1 CW barley (A) | $130.50 | $100.00 | $230.50 | $254.00 |
| SS CW 2-row barley | $198.50 | $61.50 | $260.00 | $290.00 |
Representative CWB payments per tonne, 2006-07 crop year, basis in-store Vancouver or St. Lawrence.
| Grade | Initial | Interim | Total |
| payment | payment | to date | |
| No. 1 CWAD 12.5 | $205.00 | $9.00 | $214.00 |
| No. 1 CW barley (B) | $130.50 | $53.00 | $183.50 |
| SS CW 6-row barley | $171.00 | $8.00 | $179.00 |
