The CWB announced Tuesday that 2011-12 initial payments for all grades and classes of non-durum wheat will increase effective April 12. The increases will range from $4.10 to $41.25 per tonne, depending on grade and class.
Here are several examples of the increases.
No. 1 CW red spring wheat 13.5 percent protein will rise $16.35 to $256.10 per tonne at port.
No. 2 CW red spring wheat 12.5 percent protein will rise $19.35, pushing the at port price to $218.35.
No. 3 CWRS 12.5 percent protein will rise $21.50 to $211.50 per tonne at port.
No. 1 Canada Western Extra Strong rises $41.25 to $226.10 at port.
Producers who have already delivered grain will receive payment by direct deposit on April 24. Cheques will be delivered for mailing to Canada Post by April 27, and farmers can expect to receive them by May 4. Farmers who wish to defer payments have until April 20 to notify the CWB by calling 800 275 4292.
