The Canadian Wheat Board has created a new pricing option for farmers looking to market feed wheat to meet cash flow needs.
The new program, launched yesterday, gives growers the option of immediately locking in prices for Canada Western feed wheat using the CWB's Early Payment Option.
President and CEO Ian White explains they've adapted an existing program in response to farmers asking for a method for locking in feed wheat prices.
In an average year, over 70 percent of western Canadian wheat is in the top two grades. This year, only 38 percent is expected to make Number 1 or 2, with about 25 percent in feed. This is the highest volume of feed wheat since the cold summer and wet harvest in 2004.
~ Tuesday, November 30, 2010 ~