CWB issues 2004-05 Interim Payments

WINNIPEG - Oct 26/05 - SNS -- The Canadian Wheat Board (CWB) will make interim payments on all grades of wheat and durum delivered to the CWB during the 2004-05 crop year, including feed barley delivered into the 2004-05 Pool B.

Interim payments represent partial settlement of the proceeds due to farmers from the sale of their grain. Interim payments are issued after July 31 (the crop year runs from August 1 to July 31) and are an earlier payment of proceeds that would otherwise be included in the final payment.

The interim payments for wheat are from $6 to $21 per metric ton (MT). The interim payments for durum wheat are for $9 to $22 MT. The interim payments for feed barley Pool B are from $40 to $44 MT. There are no interim payments for designated barley; remaining funds in that pool will be disbursed as final payments.

Interim payment cheques will be mailed to farmers on October 25, 2005. Direct deposit payments will be credited to most farmers' accounts by their financial institutions on October 26, 2005.

                                            Initial   Interim    Total
Grade                                       payment   payment   to date
No. 1 Canada Western Red Spring Wheat 12.5  $177.10     $7.00   $184.10
No. 1 Canada Western Amber Durum 12.5       $186.00    $12.00   $198.00
No. 1 CW Barley                              $74.00    $40.00   $114.00