2011-12 Initial Payments See Sharp Rise

he Canadian Wheat Board initial payments for the crop year beginning Aug. 1 are taking a sharp jump higher from where they were set a year ago.

The payment for No. 1 CWRS 12.5 per cent protein starts off the new year at $208 per tonne, up from $128 per tonne as of Aug. 1, 2010.

However, the board has upped the initial payments four times through the year. The initial payment for that grade is currently at $286 per tonne.

The initial payment for No. 1 amber durum 12.5 is $215, up from $119 a year ago. The current initial is $252.50 per tonne.

Designated two-row barley will start the new year at $230 per tonne, up from $138. The current initial is set at $225.50. Canada Western Feed Barley No. 1 will start at $155 per tonne, up from $88 per tonne as of Aug. 1 last year. The current initial is $238.39.

A full schedule of CWB initial payments can be found at: www.cwb.ca/payments.

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