CWB readies final payments for 2009-10

Final payments are being prepared for Prairie wheat, durum and malting barley deliveries made to the Canadian Wheat Board during the 2009-10 crop year.

Payments are to be made by direct deposit to farmers’ bank accounts on Tuesday (Dec. 21), while farmers who still receive their payments by cheque can expect to start seeing them in the mail by Thursday (Dec. 23), the CWB said in a release Friday.

Final payments for various grades of Canada Western red spring (CWRS) wheat will range from $13.76 to $14 per tonne.

For example, No. 1 CWRS at 12.5 per cent protein, receiving an initial 2009-10 payment in August 2009 of $188 per tonne and an interim payment in October worth $16 per tonne, will get a final payment of $13.87 per tonne, for a total of $217.87 per tonne ($5.93 per bushel).

Final payments in the durum category are within a range of $19.49 to $19.86 per tonne, except for No. 5 CW amber durum (CWAD), which will see a final payment of $45.72 per tonne.

For example, No. 1 CWAD (12.5 per cent protein), with an initial payment in August 2009 of $183 per tonne and Friday’s final payment of $19.66, adds up to total payment of $202.66 per tonne ($5.52 per bushel). The larger final payment for No. 5 CWAD brings its total payment to $144.62 per tonne ($3.94/bu.).

In the designated (malting) barley grades, Select CW two-row — with an initial payment of $160 per tonne, an adjustment payment of $26.50 per tonne in March, an interim payment of $10 per tonne in October and this month’s final payment of $11.92 per tonne — will have had total payment of $208.42 per tonne ($4.54/bu.).

Select CW six-row malting barley, which saw an initial payment of $140 per tonne in August 2009, $26.50 in March this year, $10 in October and a final payment of $14.14 this month, will have seen total payment of $190.64 per tonne ($4.15/bu.).

The total payments listed here are based on the value of grain in store at Vancouver or the St. Lawrence. The 2009-10 feed barley pools “received no deliveries.”

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