High protein levels in this year’s wheat crop are allowing CWB to offer more flexibility to farmers who commit grain to early delivery and harvest pools.
CWB announced Sept. 20 that it is expanding the grade and protein bands for wheat delivered against CWB pool contracts.
The changes will reduce the need for farmers to request contract changes if the quality of grain they deliver differs from what they contracted.
“At the introduction of the 2012-13 pool contracts, CWB indicated that it would provide farmers and companies with as much flexibility as possible to deal with potential misgrades at the elevator, as long as conditions allowed,” CWB said in a news release.
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“The grade pattern of this year’s crop and expected market spreads have reduced the risks associated with providing this additional flexibility.”
Farmers should continue to estimate grade and protein levels as accurately as possible and contract grain based accordingly.
However, the expanded delivery bands will make contracting easier and will reduce the chance of misgrades.
Farmers will still be paid for the grade and protein levels that they deliver, but the need to alter contract terms will be reduced.
If the grade and protein of grain delivered still falls outside the expanded allowable ranges, farmers can adjust their delivery contracts at no cost, as long as changes are made before pool sign-up deadlines.
The sign-up deadlines for the early delivery pool is Sept. 28. The deadline for the harvest pool is Oct. 31.
Farmers who wish to have their contract terms adjusted can call CWB at 800-275-4292.
A chart containing details of the expanded delivery bands can be viewed at bit.ly/NHifpV or on the CWB website at www.cwb.ca/public/en/farmers/1213programs/harvest/deliverable_bands.pdf.
