Winnipeg,
Manitoba
December 29, 2003
The Canadian Wheat Board (CWB)
today announced the Market Development Contract Program for
wheat and durum varieties eligible for premiums ranging from
$2.50 per tonne to $10 per tonne in 2004-05.
Under the
program, farmers get a premium for production contracts that
allow the CWB to test market new varieties among potential
customers and provide buyers with quantities to meet their
processing needs once the variety has been established.
Varieties
eligible for Market Development Contract Programs as of August
1, 2004 are: 5700PR - Canada Prairie Spring Red wheat ($5 per
tonne premium); AC Navigator - extra strong Canada Western Amber
Durum wheat ($2.50 per tonne premium); Snowbird and Kanata -
Canada Western Experimental Hard White wheat ($7.50 per tonne
premium); and AC Bellatrix, AC Readymade, AC Tempest, CDC Buteo,
CDC Osprey, McClintock and Norstar - Canada Western Red Winter
Select wheat ($10 per tonne premium).
"These
varieties represent significant breeding advancements in their
classes," said Gord Flaten, director of market development. "In
addition to earning a premium for their crops, farmers who enter
into these contracts are also helping to ensure that the wheat
and durum varieties grown in Western Canada continue to meet the
needs of our customers."
"The Market
Development Contract Program also allows buyers to test their
milling and end-use qualities, which increases the potential
market for the high-quality grains grown by western Canadian
farmers," he added.
The CWB
guarantees acceptance and delivery within the crop year of all
production that qualifies for the 2004-05 program. The CWB will
also pay escalating on-farm storage from October 1, 2004 or the
date the contract is signed (whichever is later) to the date of
delivery or the delivery authorization date (whichever is
earlier).
For more
information on the program, please visit the Web site at
www.cwb.ca. Sign-up forms will be available in early March from
pedigreed seed growers, elevators or by calling the CWB at
1-800-275-4292.
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 company sells grain to
more than 70 countries and returns all sales revenue, less
marketing costs, to Prairie farmers. |