The Canadian Wheat Board has announced a new program to lock in a price for feed wheat.

Based on the current Early Payment Option (EPO), the program for feed wheat allows producers to lock in an Early Payment Value (EPV) equal to 80, 90, 100, 125, 150, 175 or 200 per cent of the Pool Return Outlook (PRO).

“Farmers tell us they’d like to lock in a feed wheat price this year, so we’ve adapted an existing program to enable them to do that,” CWB CEO Ian White said in a release. “Farmers can now choose the feed wheat price that suits them best, taking into account their market view and cash flow needs.”

More information is available at www.cwb.ca/epo.

In an average year, over 70 per cent of Prairie spring wheat is in the top two grades. This year, only 38 per cent is expected to grade Nos. 1 or 2, leaving about 35 per cent as No. 3 and 25 per cent as feed.