Winnipeg,
Manitoba
May 12, 2005
The Canadian Wheat Board (CWB)
today announced that 2004-05 initial payments for wheat, durum
and designated barley will increase effective May 18, 2005.
The increase in initial
payments for wheat and feed wheat will be $15.00 per tonne. In
the case of durum, the increase will be $30.00 per tonne, except
for No. 5 Canada Western Amber Durum, which will see an increase
of $10.00 per tonne. For designated barley, the increase will be
$13.00 per tonne on two-row and $15.00 on six-row.
The adjustment payments, in
dollars per tonne, for representative grades in each pool
account are listed below. The total initial payment to date is
based on the value of grain in store at Vancouver or St.
Lawrence.
Grade |
Initial
payment |
Adjust.
payment |
Total payment
to date |
No. 1
Canada Western Red Spring wheat 12.5 |
$162.10
|
$15.00
|
$177.10 |
No. 1
Canada Western Amber Durum wheat 12.5 |
$156.00
|
$30.00
|
$186.00 |
SS CW
Two-row barley |
$154.00
|
$13.00
|
$167.00 |
A complete listing of payments
for all grades in dollars per tonne and dollars per bushel is
posted on the
CWB's Web site.
The CWB forwarded its
recommendations for adjustment payments on wheat, durum and
malting barley to the Government of Canada on April 15, 2005.
"Given the importance of
getting farmers' money into their hands as quickly as possible
during this seeding period, we made approving these adjustment
payments a priority," said Reg Alcock, President of the Treasury
Board and Minister responsible for the CWB.
Farmers who delivered wheat,
durum and designated barley to the CWB between August 1, 2004
and May 17, 2005 will receive an adjustment payment. The
payments will be mailed on May 27, 2005 or received by direct
deposit on May 25, 2005. Farmers who wish to defer payments have
until May 19, 2005 to notify the CWB by calling 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 organization sells grain to more than 70
countries and returns all sales revenue, less the costs of
marketing, to Prairie farmers. |