Prairie barley growers will get a raise on initial payments on malting barley delivered to the Canadian Wheat Board for the 2009-10 crop year.
The federal government approved and the CWB announced on Friday that the 2009-10 initial payments for all grades and classes of designated barley will increase by $26.50 per tonne, effective Thursday (March 18).
For Select CW two-row barley, the increase will boost the initial payment to $186.50 per tonne ($4.06 per bushel), while the initial for Select CW six-row will rise to $166.50 per tonne ($3.63 per bushel).
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For Select CW two- and six-row hulless barleys, this adjustment increases the per-bushel initial payments by 70 cents, to $4.91 and $4.38 respectively.
An adjustment payment will go out to all farmers who delivered designated barley to the CWB between Aug. 1, 2009 and March 17 (Wednesday). Farmers paid by direct deposit will see their adjustment payments March 30, while those paid by cheque can expect to start seeing cheques in the mail by April 9.
Farmers who wish to defer payment have until March 24 (a week from Wednesday) to notify the CWB.
The total initial payments to date are basis in-store Vancouver or St. Lawrence, the CWB noted. Payments must be adjusted for freight and elevation charges to arrive at farm-gate prices.
