07 April, 2006

Canada: Initial payments for 2005-06 crop year increased for malting barley

The CWB announced on April 5 that 2005-06 initial payments for designated barley, wheat and durum will increase effective April 6, 2006. The increase in initial payments for designated barley will be C$10.00 per tonne

CWB said that farmers who delivered wheat, durum and designated barley to the CWB between August 1, 2005 and April 5, 2006 will receive an adjustment payment. The payments will be dated April 18, 2006 and mailed on April 21, 2006. Farmers with direct deposit will have their accounts credited for value on April 18, 2006.

Controlled by western Canadian farmers, the CWB is the largest wheat and barley marketer in the world. As one of Canada's biggest exporters, the Winnipeg-based organization sells grain to more than 70 countries and returns all sales revenue, less the costs of marketing, to Prairie farmers.

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