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Market Revenue Payments Announced for Fall and Spring Wheat

AGRICORP has announced that wheat growers enrolled in the Market Revenue Program will receive a payment on their 1997 crop. Winter wheat growers will receive $.4453 per bushel and red spring wheat growers will receive $.5527 per bushel. Both payments reflect the one third deduction to cover the producer’s share of the premium.

The Market Revenue Program provides support to grain and oilseed growers in times of low commodity prices. Payments are made to producers when the average provincial annual price falls below the support price. Market Revenue support prices are calculated by using 85% of the 15 year indexed moving average price on a per crop basis. The payment per unit of production is two thirds of the difference between the support price and the average annual price.

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