The Canadian Wheat Board (CWB) has announced the 2010-11 initial payments for the various grades of wheat and barley. The payments are effective August 1, 2010 for deliveries into the 2010-11 pool accounts.
The initial payments, in dollars per tonne, for base grades in each pool account are listed below. Also listed are the anticipated final 2010-11 pool returns for farmers, based on the CWB’s Pool Return Outlook (PRO) for July 2010. A complete listing of initial payments for all grades in dollars per tonne and dollars per bushel is posted at www.cwb.ca/payments.
• 1 CWRS — $128.00 (PRO $210)
• 1 CWAD — $119.00 (PRO $200)
• Des. barley Select CW Two-Row — $138.00 (PRO $214)
• Des. barley Select CW Six-Row — $118.00 (PRO $197)
• Feed barley 1 CW Pool A — $88.00 (PRO $143)
The CWB noted that farmers may, alternatively, choose the CWB’s Early Payment Option (EPO), which provides similar returns to the CWB pool accounts, less a discount. The EPO allows farmers to receive an additional payment, on top of the initial, within 10 business days of delivery. EPOs are available at values equal to 80, 90 and 100 per cent of the PRO.