CWB calls for raised initials on wheat

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Published: March 31, 2010

The Canadian Wheat Board has put in for increases of $5 to $45 per tonne on initial payments for 2009-10 wheat.

The CWB said it had submitted its recommendation Monday to the federal government for the increases, the dollar amounts of which vary with grade and protein level.

The approvals process in Ottawa typically takes six to eight weeks, the CWB noted Monday.

A CWB initial payment is a portion of the total expected per-tonne value of a load of board grain, paid out to a Prairie farmer when he or she delivers grain to the board. If initial payments are increased as the crop year progresses, farmers receive adjustment payments.

Only one 2009-10 adjustment payment on board grains has been approved so far, for designated barleys; payments of $26.50 per tonne took effect March 18 and were to be issued Tuesday.

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