Initial payments to rise

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Published: February 12, 2009

The federal government has approved increases to initial payments for wheat, durum and designated barley.

The Canadian Wheat Board reported Feb. 16 that wheat initials will rise by $30 per tonne. With the increase, the initial payment for No. 1 CW red spring wheat now stands at $243 per tonne, or $6.61 per bushel, at port. That represents 82 percent of the January Pool Return Outlook.

Durum initials increase by $25.80 per tonne.

Designated barley rises by $39 per tonne for both two-row and six-row types.

The increases apply to all grades and classes.

Adjustment payments for grain already delivered will be mailed by March 6 or received by direct deposit March 3.

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