There was a noticeably quicker turnaround in getting government approval for the latest adjustment payment for western Canadian producers.
The Canadian Wheat Board asked the federal government Dec. 1 to approve an increase in the 2010-11 initial payments
The government said yes on Jan. 24, a turnaround of just less than eight weeks. The board announced the increases Jan. 25.
The increases range from $22.20 to $37.45 per tonne for wheat depending on grade and class. For durum the increases range from $25.50 to $43.60 per tonne, Pool A feed barley increases by $54 and designated barley by $37.50.
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The issue of the timing of adjustment payments gained a high profile in recent months, prompted by a long delay in approving an adjustment to the Aug. 1 initial, which was requested by the board Sept. 3. That request was revised upward Sept. 29 and the payment finally approved by Ottawa 12 weeks later on Nov. 25.
Since then, the board has stated it wants to take over the adjustment process, using its contingency fund to provide a financial backstop.
These most recent payments will be mailed Feb. 11.
Those receiving direct deposit will get it by Feb. 8. Those wishing to defer their payments have until Feb. 4 to notify the CWB at 800-275-4292.
Farmers delivering grain also have the option of choosing the board’s Early Payment Option, which enables them to receive payment equal to 80, 90 or 100 percent of the monthly Pool Return Outlook, less a discount, within 10 business days.
There is an additional payment if final pool returns exceed the early payment value.
CWB Deliveries
