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Cwb payments for FPC near initial increase

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    Cwb payments for FPC near initial increase

    Hi,
    Just going over some of cheques from our feed wheat sales against our Fpc's around Dec 1st when the initials changed and found some errors. I got 78/tonne from the elevator, then I got 50 from the cwb as an icrease in initial, then the Fpc calculation used the new spread which was 18/tonne more than the old. To make a long story short I beleive I am 18.40/tonne short of what I should have gotten.
    My math 78 (323.36-22.73-134.20)=192.43
    Cwb math 78 50 (323.36-22.73-202.60)=174.03
    Going to check with cwb monday but thought I would let others know to check theirs and to see if my math was correct.
    Curt

    #2
    fyi,
    in my hand as I type:

    "1945-46 Pool Account Adjustment Payment
    1946 Wheat
    2nd Adjustment Payment
    April 12, 48

    2o cents per bushel
    less P.F.F.A Levy of 1%" Pars

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      #3
      What was the P.F.F.A. levy?

      Comment


        #4
        Correction:
        Should be P.F.A.A.

        A rudimentary crop insurance program in the West was operated under the Prairie Farm Adjustment Act (PFAA)

        The feds made payments to the fund only when the producer levies were insufficient to cover the program costs.

        Apologies for bad typing Pars

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