CWB raises wheat, durum initials

Prairie wheat and durum growers delivering for the 2011-12 crop year can expect to see adjustment payments in the last week of this month.

The CWB on Wednesday announced the federal government has approved increases in the initial payments for 2011-12, worth $28 per tonne for all classes and grades of wheat and $44 per tonne for all classes and grades of durum.

No new adjustments were made to the initials for malting barley or feed barley.

On high-protein (15.5 per cent) No. 1 Canada Western red spring (CWRS), the adjustment, along with the initial payment last August and adjustments in February and April, will raise total payments to date to $305.75 per tonne ($8.32 per bushel).

On No. 1 CWRS (12.5 per cent), the total payment to date increases to $252.35 per tonne ($6/87/bu.), and on CW feed-grade wheat, the total payment so far rises to $188.90 per tonne ($5.14/bu.).

On No. 1 CW amber durum (CWAD) at 15.5 per cent protein, the $44 per tonne adjustment brings total payment to date to $323.80 per tonne, or $8.81 per bushel. On No. 1 CWAD (12.5), the total rises to $303.30 per tonne ($8.25/bu.).

Farmers who delivered wheat or durum to the CWB between Aug. 1, 2011 and June 10 this year will be eligible for the adjustment payment, either by direct deposit June 26 or by cheque by about July 6.

Farmers who want to defer the adjustment payment have until June 22 to notify the CWB.

The federal government, as the guarantor of initial payments, must approve the level at which they’re set, including any such adjustments.

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