Wheat Storage Program

The Wheat Storage Program is a delivery option that allows you to receive a contract premium and storage payment to store your high-quality, high-protein, No. 1 Canadian Western Red Spring (CWRS) wheat on-farm.

Eligibility Criteria

Farmers can sign-up by contacting their local elevator agent.

Current Wheat Storage Program contract premiums:

• 15.0 protein - $15.00 per tonne;
• 14.5 to 14.9 protein - $10.00 per tonne.

This premium is effective from 2:30 p.m. CST on Tuesday, September 9, 2008 until further notice. The premium price could change at 2:30 p.m. CST.

Summary

Program details:

• early delivery opportunity in 2009-10 to compensate for lack of bin space for new crop production;
• farmers can choose which pool year to price their WSP tonnes against (2008-09 or 2009-10);
• farmers can sign-up with a minimum of 80 tonnes;
• contract is accepted once the local elevator confirms grade and protein as No. 1 CWRS 14.5 and higher protein;
• farmers receive a premium after the contract sign-up is received at the CWB;
• farmers receive storage payments of $1 per tonne per month from the date of contract sign-up until the cash ticket date or expiration of the delivery period, whichever is earlier;
• Canadian Wheat Board (CWB) guarantees 100% acceptance of grain committed to the program;
• farmers are expected to deliver 100% of tonnes committed to the program;
• CWB guarantees delivery by July 31, 2010 or sooner and once announced, farmers have 30 days to deliver their grain;
• if no pool choice is made by July 31, 2009, farmers will automatically receive the 2009-10 pool return; and
• wheat signed-up under a 2009 WSP contract can be delivered against a 2009-10 PPO contract.

Manitoba Contact(s):
See National Contact. 

National Contact(s):
Canadian Wheat Board
423 Main Street
P.O. Box 816, Station Main
Winnipeg, Manitoba  R3C 2P5
Telephone: 204-983-0239
Fax: 204-983-3841
Toll-free (publications): 1-800-275-4292
E-mail: questions@cwb.ca
Web site: http://www.cwb.ca/