Winnipeg,
Manitoba
December 23, 2004
The
Canadian Wheat Board
(CWB)
today named the grain varieties that are eligible for the
2005-06 Identity Preserved Contract Program (IPCP). The IPCP,
formally called the Market Development Contract Program (MDCP),
offers incentives to farmers who are interested in cultivating
new varieties of wheat, durum and barley.
Varieties eligible for the IPCP in
the 2005-06 crop year are:
- Canada
Western Hard White (CWHW) wheat – Snowbird and Kanata ($2.50
per-tonne premium, storage, guaranteed acceptance and
delivery);
- Canada
Western Amber Durum (CWAD) wheat – AC Navigator ($2.50
per-tonne premium, guaranteed acceptance and delivery);
- Canada
Prairie Spring Red (CPSR) wheat – 5701PR ($5.00 per tonne
premium, storage, guaranteed acceptance and delivery);
- Canada
Western Red Winter (CWRW) wheat– CWRW Select ($10.00
per-tonne premium, storage, guaranteed acceptance and
delivery and protein premiums to be announced closer to the
start of the crop year).
“This program helps match
production to the market,” said Graham Worden, acting director
of Product Development and Marketing Support. “The more actively
we work at meeting our customers’ needs, the more value we can
extract from the market for farmers.”
Under the IPCP, farmers receive a premium for production
contracts on eligible varieties. This allows 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.
In addition to premiums, the
program offers guaranteed acceptance and delivery within the
crop year of all production that qualifies for the 2005-06
program. Depending on the variety, the IPCP also offers
escalating on-farm storage payments, contract premiums and
protein premiums.
“The IPCP benefits farmers who
want to contribute to our market and product development
efforts,” said Worden. “In the long run, however, all farmers
benefit from the program because it opens new doors for
marketing western Canadian grain.”
For more information on the
program, please visit the CWB’s Web site at www.cwb.ca under the
‘Growing
grain’ link. 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. |