CWB drops new-pool pricing program

The Canadian Wheat Board won’t offer a new-pool pricing option for wheat and durum for 2012-13.

The new-pool program had allowed farmers and other interested sellers, for a fee, the option to deliver wheat and durum in the current crop year, but receive the following year’s pool return.

The most recent NPP allowed farmers to deliver in the 2010-11 crop year and then choose the 2011-12 pool return.

The per-tonne fees for wheat, for example, ranged from $2.75 to $13, depending on class, as of June 23 last year.

The NPP is one of several the CWB plans to phase out as of Aug. 1, when the federal government’s Marketing Freedom for Grain Farmers Act formally ends the CWB’s single marketing desk for wheat and barley.

Detailed information on new CWB programs will be announced throughout 2012, the CWB said in a statement.

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