CWB’s 2011-12 final payments expected next month

Reactions range from amusement to offense over a new retro-style CWB ad for its Winter and Futures Choice Winter pools, appearing now on CWB’s website and shown here in the Jan. 17 Manitoba Co-operator. ”What an image of a long-legged woman straddling a fence has to do with selling grain is beyond me,” National Farmers Union women’s president Joan Brady said in a release Friday, calling the ad ”offensive, and likely to cause farmers to market their grain elsewhere.”

Approval is expected sometime next week to roll out CWB’s final payments for the 2011-12 crop year sometime in mid-February.

The former Canadian Wheat Board said in a recent statement it had sent its proposed 2011-12 final payment rates to the federal government on Dec. 18 for approval.

However, members of Parliament don’t return to the House of Commons until Monday (Jan. 28). The federal government, as CWB’s guarantor, must approve the level at which payments are set.

CWB last Friday (Jan. 18) also issued an adjustment payment of $50 per tonne on all eligible tonnes of wheat and durum in its 2012-13 Early Delivery pool.

Farmers who deliver against their 2012-13 Early Delivery pool contract at any point in the year will still get the original initial payment at the elevator. CWB will then pay the adjustment payment directly to the farmer.

About the author

Glacier FarmMedia Feed

GFM Network News

Glacier FarmMedia, a division of Glacier Media, is Canada's largest publisher of agricultural news in print and online.


Stories from our other publications