Your Reading List

NFU calls for hike in CWB initials

The National Farmers Union is appealing to Ottawa to authorize a raise in initial prices for Prairie wheat, durum and barley for 2007-08.

The federal government has responsibility for setting the initials, which are then posted by the Canadian Wheat Board. The CWB — which will review and recommend adjustment payments if market conditions and sales progress so warrant — asked the government on August 2 for an upward adjustment in the initials, but there has been no response, said NFU president Stewart Wells in a release.

Saying the federal government has been setting initial prices too low, Wells added that Ottawa’s approach “raises the possibility that the federal government is dragging its feet in an effort to damage the CWB” and that some are mistakenly blaming the CWB for the low initials.

About the author

explore

Stories from our other publications