CWB's 2011-12 final payments expected next month

Jan 25, 2013 9:33 PM - 2 comments
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By: Staff

Approval is expected sometime next week to roll out CWB's final payments for the 2011-12 crop year sometime in mid-February.

The former Canadian Wheat Board said in a recent statement it had sent its proposed 2011-12 final payment rates to the federal government on Dec. 18 for approval.

However, members of Parliament don't return to the House of Commons until Monday (Jan. 28). The federal government, as CWB's guarantor, must approve the level at which payments are set.

CWB last Friday (Jan. 18) also issued an adjustment payment of $50 per tonne on all eligible tonnes of wheat and durum in its 2012-13 Early Delivery pool.

Farmers who deliver against their 2012-13 Early Delivery pool contract at any point in the year will still get the original initial payment at the elevator. CWB will then pay the adjustment payment directly to the farmer.

Photos

Reactions range from amusement to offense over a new retro-style CWB ad for its Winter and Futures Choice Winter pools, appearing now on CWB's website and shown here in the Jan. 17 Manitoba Co-operator. What an image of a long-legged woman straddling a fence has to do with selling grain is beyond me, National Farmers Union women's president Joan Brady said in a release Friday, calling the ad offensive, and likely to cause farmers to market their grain elsewhere.
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Reader Comments

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Farmerserv

And this is why farmers wanted the option to sell on the open market. Waiting a year and a half to get paid for our grain is unacceptable. And do not tell me that the CWB had other options for full payments at the time of delivery. Yes they did, but since I had to deal with the CWB I was still getting less money than producers that had the option to sell on the open market. Thanks to the open market I have my line of credit paid off, my operating loans paid off and enough left to pre-pay most of next year's inputs. There is no way any of this would have been possible in a monopoly world. Thanks Mr. Harper for making my life ALOT easier.

Posted January 29, 2013 09:25 AM

Kirk elliott

Seems odd for years final payments came out in early Jan? Now we wait for what ever among till feb?? Maybe I missed something but what went wrong. Yes I know there was a good intern payment but somewhere something went wrong ? Who do we blame or is it all just old news? Certainly no politics here. Who will end up owning and controlling farmers assets I'm the CWB? This is important stuff no matter where you sit on the fence. There is always some money to be made its just a question whose pockets it goes into.

Posted January 28, 2013 02:40 PM
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