HomeMy WebLinkAboutClinton News-Record, 1973-08-02, Page 13E ON THESE 3
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GAL,
THVBSP,AY, AV011,07! 2, 1973
Onttirio's .1973 wheat ..crop selling under changed legislation
Ontario's 1973 wheat crop
00a to be harvested will be
old under a different system
han in the past involving
vow, marketing legislation,
Final detail came under ap-
proval of the Ontario Wheat
roducers" Marketing Board
ate Friday, July 6th, in
r'orknto when marketing board
Ilsaala Fergus Young, R.R. 1,
gtmismore, signed into effect
the necessary documents.
Broad powers of the agency
system of marketing places full
authority under board control
to purchase and sell all wheat
and to set the price . and other'
terms and conditions of sale
such as grade discounts and
drying charges.
The marketing changes were.
implemented following
Producer approval by secret
ballot early In ,June of this year
to amend the existing Ontario,
Wheat Producers' Marketing
Plan.
In making the announ-
cement, Mr. Young said the
new system provides for an
initial payment to producers,
and this has been set. it NM
Per busbe, basis grade 2, 14%
moistly,4
All wheat \ must now be sold
to or through the Qntario
Wheat Producers' Marketing
Board and, under a pooling
system, producers will receive a
final payment when the wheat
'is all sold, There is also
provision for interim payments
if such would be possible et
some time during the crop year,
,I14r. Young said a schedule of
carrying costs has, also been
established amounting to two
cents per bushelper month for
October, November, December
and January', to a maximum of
10 cents per bushel during
February, March, April and 0
cents for the month, of May.
Mr. Young said wheat will be
sold on .a dry matter basis and
drying charges have .also been
established and will be in.,
cluded in detailed material to
be forwarded to producers as
soon as possible.
The board chairman also ad,
viscid that detailed information
and marketing regulations will
be forwarded to country
elevators, millers and cereal
manufacturers )414 as soon asd
they can be printed and mailed,
Under the amended
regulations, the marketing
botsrd will appoint agents to
haildle the wheat as deliveiced
by producers and the agents
will, make the initial payment
and in turn be reimbursed by
the imariceting board. •
my, Young said the ,Atipoint- ,
merits as a gents of the board
are expected to include most of
the dealers licenced to handle
wheat during the past crop year
numbering in excess of goo.
There will be no producer
levies as known in the past,
however the one cent per
bushel producer licence fee will
remaief in effect.
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