Payments for grain sold through the Canadian Wheat Board are on their way to farmers.
Reflecting increases in world grain markets, the federal government has approved large increases to initial payments for 2007-08 wheat, durum and feed and designated barley.
The wheat initial payment now stands at 79 percent of the October pool return outlook and the durum initial is 67 percent. For grain already delivered, farmers will receive payment in early December.
The board also announced interim payments on 2006-07 durum and feed and designated barley. There is no wheat interim payment. The CWB is looking into combining the interim payment with the final payment in a combined cheque to be delivered Dec. 18.
For more details, turn to Markets, page 6.
