Toolbox
Newsroom
1998
1997-98 initial payments for wheat, durum and designated barley increasedDate: April 23, 1998
Winnipeg -- The CWB today announced that the Government of Canada has approved an increase to the 1997-98 initial payments for wheat, durum wheat and designated barley.
Effective April 28, 1998, initial payments will increase by $10 - $12 per tonne for wheat, $10 per tonne for durum and $5 - $15 per tonne for designated barley. The attached table shows the former initial payments, the adjustment and the new initial payments, basis in store Vancouver or St. Lawrence.
Farmers who delivered wheat, durum wheat and/or designated barley to the CWB between August 1, 1997 and April 27, 1998 will receive an adjustment payment, which will be mailed May 8, 1998.
Direct deposit payments will be credited to most farmers' accounts by their financial institutions on May 5, 1998.
This is the second adjustment to wheat initial payments and third adjustment for durum wheat and designated barley initial payments in the 1997-98 crop year.
The initial payment is guaranteed by the Government of Canada and is made when farmers deliver their grain. The payment represents a significant portion of the expected total return from all sales during the entire crop year. It is adjusted as market circumstances warrant or as each pool account becomes more finalized. Farmers receive the balance of their returns in interim or final payments after the close of the crop year, and after all expenses have been deducted.
The CWB is one of the world's largest wheat and barley exporters, with annual sales revenues over $6 billion. It markets Prairie-grown wheat and barley to over 70 countries around the world. As the farmers' single-desk marketing agency, the CWB returns all sales revenues, less the costs of marketing, to wheat and barley farmers in Western Canada.
1997-98 CWB INITIAL PAYMENTS FOR MAIN GRADES
(In store, Vancouver or St. Lawrence)
| NEW | |||
| INITIAL | INITIAL | ||
| PAYMENT | PAYMENT | ||
| GRADE |
APR 27/98 | INCREASE | APR 28/98 |
| WHEAT | |||
| No. 1 Canada Western Red Spring (15.0) | 184.00 | 12.00 | 196.00 |
| No. 1 Canada Western Red Spring (14.5) | 178.00 | 12.00 | 190.00 |
| No. 1 Canada Western Red Spring (14.0) | 172.00 | 12.00 | 184.00 |
| No. 1 Canada Western Red Spring (13.5) | 167.00 | 12.00 | 179.00 |
| No. 1 Canada Western Red Spring (13.0) | 162.00 | 12.00 | 174.00 |
| No. 1 Canada Western Red Spring (12.5) | 158.00 | 12.00 | 170.00 |
| No. 1 Canada Western Red Spring (12.0) | 154.00 | 12.00 | 166.00 |
| No. 1 Canada Western Red Spring | 150.00 | 12.00 | 162.00 |
| No. 2 Canada Western Red Spring (15.0) | 179.00 | 12.00 | 191.00 |
| No. 2 Canada Western Red Spring (14.5) | 173.00 | 12.00 | 185.00 |
| No. 2 Canada Western Red Spring (14.0) | 167.00 | 12.00 | 179.00 |
| No. 2 Canada Western Red Spring (13.5) | 162.00 | 12.00 | 174.00 |
| No. 2 Canada Western Red Spring (13.0) | 157.00 | 12.00 | 169.00 |
| No. 2 Canada Western Red Spring (12.5) | 153.00 | 12.00 | 165.00 |
| No. 2 Canada Western Red Spring (12.0) | 149.00 | 12.00 | 161.00 |
| No. 2 Canada Western Red Spring | 145.00 | 12.00 | 157.00 |
| No. 3 Canada Western Red Spring (13.0) | 141.00 | 12.00 | 153.00 |
| No. 3 Canada Western Red Spring | 139.00 | 12.00 | 151.00 |
| No. 1 Canada Prairie Spring Red | 137.00 | 12.00 | 149.00 |
| No. 1 Canada Prairie Spring White | 138.00 | 12.00 | 150.00 |
| No. 2 Canada Prairie Spring Red | 135.00 | 12.00 | 147.00 |
| No. 2 Canada Prairie Spring White | 136.00 | 12.00 | 148.00 |
|
|
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| No. 1 Canada Western Extra Strong (12.5) | 154.00 | 12.00 | 166.00 |
| No. 1 Canada Western Extra Strong | 151.00 | 12.00 | 163.00 |
| No. 2 Canada Western Extra Strong (12.5) | 152.00 | 12.00 | 164.00 |
| No. 2 Canada Western Extra Strong | 149.00 | 12.00 | 161.00 |
| No. 1 Canada Western Red Winter (11.5) | 145.00 | 12.00 | 157.00 |
| No. 1 Canada Western Red Winter | 143.00 | 12.00 | 155.00 |
| No. 2 Canada Western Red Winter (11.5) | 142.00 | 12.00 | 154.00 |
| No. 2 Canada Western Red Winter | 140.00 | 12.00 | 152.00 |
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|
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| No. 1 Canada Western Soft White Spring Select | 143.00 | 12.00 | 155.00 |
| No. 1 Canada Western Soft White Spring | 141.00 | 12.00 | 153.00 |
| No. 2 Canada Western Soft White Spring Select | 141.00 | 12.00 | 153.00 |
| No. 2 Canada Western Soft White Spring | 139.00 | 12.00 | 151.00 |
| No. 3 Canada Western Soft White Spring | 122.00 | 10.00 | 132.00 |
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| Canada Western Feed | 122.00 | 10.00 | 132.00 |
1997-98 CWB INITIAL PAYMENTS FOR MAIN GRADES
(In store, Vancouver or St. Lawrence)
| NEW | |||
| INITIAL | INITIAL | ||
| PAYMENT | PAYMENT | ||
| GRADE | APR 27/98 | INCREASE | APR 28/98 |
| DURUM | |||
| No. 1 Canada Western Amber Durum (14.0) | 253.00 | 10.00 | 263.00 |
| No. 1 Canada Western Amber Durum (13.5) | 248.00 | 10.00 | 258.00 |
| No. 1 Canada Western Amber Durum (13.0) | 243.00 | 10.00 | 253.00 |
| No. 1 Canada Western Amber Durum (12.5) | 239.00 | 10.00 | 249.00 |
| No. 1 Canada Western Amber Durum | 235.00 | 10.00 | 245.00 |
| No. 2 Canada Western Amber Durum (14.0) | 245.00 | 10.00 | 255.00 |
| No. 2 Canada Western Amber Durum (13.5) | 240.00 | 10.00 | 250.00 |
| No. 2 Canada Western Amber Durum (13.0) | 235.00 | 10.00 | 245.00 |
| No. 2 Canada Western Amber Durum (12.5) | 231.00 | 10.00 | 241.00 |
| No. 2 Canada Western Amber Durum | 227.00 | 10.00 | 237.00 |
| No. 3 Canada Western Amber Durum (13.0) | 220.00 | 10.00 | 230.00 |
| No. 3 Canada Western Amber Durum | 217.00 | 10.00 | 227.00 |
| No. 4 Canada Western Amber Durum | 195.00 | 10.00 | 205.00 |
| No. 5 Canada Western Amber Durum | 122.00 | 10.00 | 132.00 |
| DESIGNATED BARLEY POOL | |||
| Special Select Canada Western 2-Row | 178.00 | 5.00 | 183.00 |
| Special Select Canada Western 6-Row | 158.00 | 5.00 | 163.00 |
| Select Canada Western 2-Row | 174.00 | 5.00 | 179.00 |
| Select Canada Western 6-Row | 154.00 | 5.00 | 159.00 |
| Sample Select Canada Western 2-Row | 170.00 | 5.00 | 175.00 |
| Sample Select Canada Western 6-Row | 150.00 | 5.00 | 155.00 |
| Sample Select CW 2-Row Fusarium | 145.00 | 15.00 | 160.00 |
| Sample Select CW 6-Row Fusarium | 125.00 | 15.00 | 140.00 |
| Select Canada Western 2-Row Hulless | 166.00 | 5.00 | 171.00 |
| Select Canada Western 6-Row Hulless | 148.00 | 5.00 | 153.00 |
