The Canadian Wheat Board says producers who have delivered wheat, durum and barley so far in the 2010-11 crop year are likely to receive increases to their initial payments in mid-to late- November.
“Given the significant rise in the markets reflected in recent CWB Pool Return Outlooks, the CWB has recommended adjustment payments that – if approved by the federal government as submitted – would increase payments to the base grades of wheat, durum, feed barley and malting barley in the range of $50 to $70 per tonne,” the CWB said Oct. 14.
The CWB noted that payment amounts and timing are recommendations only and, until officially approved, may be subject to change.
Since the federal government guarantees CWB payments, it must approved increases before they can be made.
