Flat per-tonne payment of CWB barley surplus

In its weekly bulletin, the Canadian Wheat Board says it will distribute surplus earnings to farmers who participate in the 2010-11 cash sales program of export feed barley delivered thorough Guaranteed Price Contracts (GPCs) if sales revenue achieved over the marketing year is above the average up-front cash price paid to farmers and CWB costs.

The distribution will be a flat per-tonne payment, calculated from all surplus earnings achieved (if any) over the entire marketing year from CWB feed-barley cash sales. It will be paid equally to all farmers who participated in feed-barley GPCs, after the marketing year is finished.

The CWB said it is important to note that a surplus payment is not guaranteed, particularly in the face of extreme market volatility, and that farmers should base their decisions to participate on whether they find the up-front payment attractive.

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