The federal government has approved initial payment increases for Canadian Wheat Board grain.
The increase reflects the Aug. 15 adjustment request that the wheat board made to the government. The board says it has now submitted new recommendations for a further increase in keeping with the fast-rising grain market.
The initials for wheat rose by $28.50 per tonne while milling durum rose by $43.50. Feed barley in Pool A climbed $23.50 per tonne and designated barley rose by $29.50 to $36.50.
For grain already delivered, payments will be mailed by Oct. 19 or received by direct deposit on Oct. 16.
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The National Farmers Union and some opposition MPs had criticized the federal government for the time it took to approve the adjustment request.
However, federal agriculture minister Gerry Ritz said the review was done as quickly as possible.
“CWB initial prices put taxpayer dollars on the line and it’s important to go through the due diligence process,” he said in a news release.
“This process usually takes between eight and 12 weeks.”
The government “did its due diligence and delivered the initial payment increase in less than seven weeks.”
