Winnipeg, Manitoba
August 10, 2006
The
Canadian Wheat Board (CWB) announced today that three new
companies have joined the CWB program that pays protein premiums
to farmers who deliver two-row malting barley to participating
elevators and maltsters in the 2006-07 crop year.
New participants
are Agricore United, Prairie West Terminal Ltd. and South West
Terminal Ltd. The full list of companies committed to
participation in this program for the coming year is attached
and posted on the CWB Web site.
"We're very
pleased that Agricore United, Prairie West Terminal and South
West Terminal have joined the program and that they’ve
recognized its value to their malting barley grower suppliers,"
said Ward Weisensel, CWB Chief Operating Officer.
The premiums will
range from $5 per tonne for protein levels of 11 per cent and
lower to $1 per tonne for barley with 12.5 per cent protein,
reflecting the relative value of these protein levels to brewers
and maltsters.
Protein levels of
12.6 and higher will not receive any premium, but are still
eligible for selection and delivery under the normal CGC grades.
The complete premium schedule is also attached. Protein levels
are one indicator of malting characteristics. Levels that are
too high can affect malting and brewing quality.
Protein premium
payments will be based on protein test results of delivery
samples, as verified by a third party. Payments will be made
within 30 days of delivery. The program is limited to two-row
malting barley because its market has the most clearly defined
relationship between protein levels and prices paid by end-use
customers.
"Paying farmers
for protein levels rewards farmers for adopting crop management
practices that result in end use functionality that industry
values," Weisensel said. "We hope that this program will
ultimately result in a larger malt barley pool within desired
customer specifications."
Having access to a
larger pool of malting barley in the premium protein range will
aid the CWB in expanding malting barley sales opportunities for
western Canadian barley growers.
The CWB and
participating industry partners will continue to jointly
administer the malting barley protein payment program. It has
again been made available to all grain handling agents and
malting companies for the 2006-07 crop year.
|
Schedule of protein payments on 2006-07 malting barley
deliveries |
|
Protein level
|
Payment per tonne |
|
12.5% |
$1.00
|
|
12.4% |
$1.20
|
|
12.3% |
$1.40
|
|
12.2% |
$1.60
|
|
12.1% |
$1.80
|
|
12.0% |
$2.00
|
|
11.9% |
$2.30
|
|
11.8% |
$2.60
|
|
11.7% |
$2.90
|
|
11.6% |
$3.20
|
|
11.5% |
$3.50
|
|
11.4% |
$3.80
|
|
11.3% |
$4.10
|
|
11.2% |
$4.40
|
|
11.1% |
$4.70
|
|
11.0% and below
|
$5.00
|
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 to over 70
countries and returns
all sales revenue, less marketing costs, to Prairie farmers.
Participating industry
partners in the CWB protein payment
program for two-row malting barley:
Agricore United
Canada Malting Co. Ltd.
Delmar Commodities Inc.
Fill-More Seeds Inc.
Gambrinus Malting Corp.
Great Northern Grain Terminals Ltd.
Louis Dreyfus
Mid-Sask Terminal Ltd.
Prairie Malt Ltd.
Prairie West Terminal Ltd.
Rahr Malting Canada, Inc.
Seed-Ex Inc.
South West Terminal Ltd.
Westlock Terminals (NGC) Inc.
This is an update from the CWB.
We are committed to sharing information with farmers as soon as
it becomes available. Our Web site (www.cwb.ca)
is constantly updated with important information to help
farmers. We welcome your comments at
questions@cwb.ca |
