CWB introduces new wheat pricing option

Prairie farmers have a new way to price their wheat, the CWB
announced today. FlexPro, a year-round wheat pricing contract with no
tonnage limit, has been developed in time for the new crop year, with
sign-up beginning on June 23.

“Farmers have told us they want as much flexibility as possible in
the way they price and get paid for their grain,” said CWB CEO Ian White. “FlexPro is the latest addition to a suite of Producer Payment Options specifically designed in response to the business needs of today’s producers, whether they’re focused on maximizing returns, minimizing risk or managing cash flow.”

Under FlexPro, farmers can pick their own market-based prices on any
day throughout the crop year. Producers simply sign up their desired
tonnage, with no maximum limit at sign-up, between June 23 and July 28, 2008. Then, they lock in a price any business day from August 1, 2008 to July 31, 2009. They can choose to offer all their tonnage at once or price different amounts on different days.

“Since 2001, when the CWB rolled out its very first Producer Payment Option, we have been constantly working to refine and improve the
available mix of grain-pricing choices,” White said. “It has been a time of great change for this organization, led by a board of directors who are firmly focused on the business priorities of farmers.”

Like the other pricing options, FlexPro is available online through
CWB e-Services, enabling farmers to sign up and monitor their contracts from their own computers. A target pricing service is also available on all Producer Payment Options.

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