Interim CWB payments on wheat, durum and designated barley delivered during the 2011-12 crop year, the final year of the board’s monopoly, will be made in early December.
The interim payments announced Nov. 21 for wheat range from $6.80 to $50.95 per tonne depending on grade, class and protein level.
The high end of the range will be paid on high protein No. 3 red spring and No. 3 hard white spring. The low end of the range will be paid on lower grade, low protein wheat.
The interim payments for durum wheat range from $20.90 to $40.80 per tonne. Almost all grades will get a payment of between $27 and $29 per tonne. The $40.80 payment applies only to No. 4 CWAD.
The interim payments for designated barley range from $11.70 to $19.70 per tonne. The high end of the range will be paid on six-row types.
Payments per tonne for base grades, basis at port are:
- No. 1 CW red spring wheat 12.5 percent protein will fetch $24.35, raising the total payment to date to $276.70.
The last Pool Return Outlook for 2011-12 came out in July. At that time the PRO for No. 1 CWRS 12.5 percent protein was $292.
- No. 1 CW amber durum 12.5 percent protein will fetch $27.40, raising the total payment to date to $330.70. The July PRO for that grade was $350.
- Select two-row designated barley will fetch $14.70 for a total payment to date of $296.60. The July PRO for that grade was $297.
Farmers who receive CWB payments by direct deposit will receive the money Dec. 4.
Cheques will start arriving in the mail by Dec. 13.
Those wishing to defer payments have until Nov. 30 to notify the CWB.
Interim payments are issued after the crop year ends. They are an early payment of proceeds that would otherwise be included in the final payment. A final payment to farmers is made after CWB accounts are finalized.
A complete list of all payments is posted at www.cwb.ca under “farmer payments.”