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Friday, 28 October 2011 17:08

CWB announces interim payments for the 2010-11 crop year

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The CWB Oct. 28 announced that interim payments will be made for most grades of wheat, durum and barley delivered to the CWB during the 2010-11 crop year.



Interim payments represent partial settlement of the proceeds due to farmers from the sale of their grain. Interim payments are issued after the crop year ends, and are an earlier payment of proceeds that would otherwise be included in the final payment. A final payment to farmers is made after CWB accounts are finalized, typically in early December.

The interim payments for wheat, announced today, range from $2.80 to $55.20 per tonne (average $25.50), depending on grade, class and protein level. The interim payments for durum wheat range from $19.50 to $34.50 per tonne (average $23.30). The interim payment for designated barley is $6 per tonne for two-row and six-row. The interim payment for Pool B feed barley is $7 per tonne.

The attached table shows the interim payment and the total paid to date, basis in-store Vancouver or St. Lawrence, for base grades of wheat, durum and designated barley. A complete list is posted on the CWB Web site at www.cwb.ca .

Grade Interim payment Total payment to date
No. 1 Canada Western Red Spring Wheat 12.5 $10.50 $296.50
No. 1 Canada Western Amber Durum 12.5 $25.00 $277.50
Select two-row designated barley $6.00 $231.50
No. 1 Canada Western feed barley $7.00 $212.00

Farmers who delivered applicable grades of wheat, durum and barley to the CWB during the previous crop year will receive an interim payment. Payment will be issued to producers by direct deposit on November 8. Farmers who receive payment by cheque can expect to begin receiving their cheques in the mail by November 18.

Farmers who wish to defer their payments have until November 4 to notify the CWB by calling 1-800-275-4292 with their PIN and ID number. Producers can also defer payments online through CWB e-Services.

Controlled by western Canadian farmers, the CWB is the largest wheat and barley marketer in the world. As one of Canada's biggest exporters, the Winnipeg-based organization sells grain to more than 70 countries and returns all sales revenue, less the costs of marketing, to Prairie farmers.

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