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new spring advance rates

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  • Ron
    Senior Member
    • Mar 2001
    • 718

    new spring advance rates

    I just talked with the CWB (nice they are open today) and they said the advance rates are:

    175/T for spring wheat
    200/T for durum
    85/T for feed barley

    Wow, thats a lot of cash (vs last year). They have the priority agreements on their website already for your banker and forms should be available a couple days before April 1.

    I am trying to sort out my cashflow and these are big numbers, I sure hope the PRO's live up to them. Has anybody heard what the canola and pea prices are going to be?

    Note: Since this is not a CWB program but an AAFC program the CWB administers I can still say

    SCREW THE CWB
  • GOODRUM
    Senior Member
    • Feb 2008
    • 511

    #2
    I talked to canola growers this morning and they said the new rates wouldnt be out until april 1. It would have been nice to know before we have to select are crop insurance coverage on march 31!

    Comment

    • katoe
      Senior Member
      • Dec 2003
      • 275

      #3
      Its not aafc program its the Prairie grain advance payments act.

      Comment

      • Ron
        Senior Member
        • Mar 2001
        • 718

        #4
        How the program works
        Producer organizations deliver the APP on behalf of Agriculture and Agri-Food Canada (AAFC). Producers can apply for a cash advance through a producer organization - not directly from AAFC.

        http://www4.agr.gc.ca/AAFC-AAC/display-afficher.do?id=1179174123026&lang=e

        Nobody has any inside info on canola?

        SCREW THE CWB

        Comment

        • Ron
          Senior Member
          • Mar 2001
          • 718

          #5
          Sorry that came off rude, I save that for CWB rants.
          It is a AAFC program, it isnt the CWB helping us out, I assume it is a source of income for the CWB the same as the Canola advance is for the Canadian Canola Growers?

          Comment

          • Ron
            Senior Member
            • Mar 2001
            • 718

            #6
            I just talked with Canola people, the rate is 250/tonne and all advances will be filled out by them over the phone and mailed to the producer (have your crop ins info in front of you when you phone).
            They hope this will eliminate the numerous phone calls for missing information.

            Comment

            • GOODRUM
              Senior Member
              • Feb 2008
              • 511

              #7
              What about flax,oats and canary?

              Comment

              • almoy
                Senior Member
                • Oct 2000
                • 174

                #8
                The rate for all wheat is $150, Durum $200.The forms are on the CWB site.

                Comment

                • bucket
                  Senior Member
                  • Jan 2008
                  • 17024

                  #9
                  Too expensive a premium to take out a spring advance.

                  100000 dollars comes with a expensive crop insurance premium.

                  I might as well talk to my banker for cheaper money.

                  Comment

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