The Canadian Wheat Board has put in for another increase in the initial payments for 2007-08 wheat, durum and barley.
The board reported Monday that it had filed a recommendation with the federal government on Jan. 7 to raise the 2007-08 initials. Ottawa must approve such increases.
A CWB initial payment is a portion of the total expected per-tonne value of a load of board grain, paid out to a Prairie farmer when he or she delivers grain to the board. If initial payments are increased as the crop year progresses, farmers receive adjustment payments.
The board said it has recommended increases of $41.60 to $51.60 per tonne for wheat, depending on grade and protein level. It also called for increases of $80.50 to $96.50 per tonne for milling durum and an increase of $10 to $13 per tonne for designated barley.
Approval from Ottawa once such requests are filed typically takes six to eight weeks, the CWB noted Monday. The 2007-08 initial payment, set Aug. 1, 2007, has since been increased twice, on Oct. 4 and Nov. 22.
