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CWB initials adjusted

The Canadian Wheat Board has announced that 2007-08 initial payments for wheat, durum and Pool B feed barley will increase effective April 17, 2008. The increase for wheat will range from $34 to $53 per tonne, depending on grade, class and protein level. Milling durum will increase by $80 per tonne and Pool B feed barley will increase $65 per tonne.

The total initial payment to date is basis in-store Vancouver or St. Lawrence and must be adjusted for freight/elevation charges to arrive at farm gate prices. A complete listing of payments for all grades in dollars per tonne and dollars per bushel is posted on www.cwb.ca under “Farmers” and “Farmer Payments.”

Farmers who delivered wheat and durum to the CWB between August 1, 2007 and April 16, 2008 will receive an adjustment payment. Farmers who delivered Pool B feed barley between February 1, 2008 and April 16, 2008 will receive an adjustment payment.

Payments by direct deposit will be received on May 2. Cheques will be dated May 2 and mailed by May 6. Farmers who wish to defer payments have until April 23 to notify the CWB by calling 1-800-275-4292.

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