Saskatoon, Saskatchewan
July 15, 2003
The deadline for
farmers who wish to opt out of the Wheat and Barley Check-off
Funds administered by
Western Grains Research Foundation (WGRF) is August 31,
2003, for the 2002-2003 crop year.
Those producers who choose to opt out will not be eligible for
the federal government's Scientific Research and Experimental
Development (SR&ED) tax credit.
The Wheat and Barley Check-off Fund is funded directly by
farmers and has become a major force in wheat and barley
breeding, says Lorence Peterson, Foundation Executive
Director. "The Funds are deducted from the Canadian Wheat Board
(CWB) final payment to producers at $0.20/tonne for wheat and
$0.40/tonne for barley, and generate nearly $5 million annually
to western Canadian wheat and barley breeding programs. The
exception is barley in Alberta, which is covered by a separate
provincial check-off."
For farmers who choose to opt out, the process is simple but
specific. To opt out, producers must be CWB certificate holders
(have delivered grain to CWB in the crop year) and notify the
WGRF office of their intent to opt out, in writing, either by
letter or by fax. The address is Western Grains Research
Foundation 210 - 111 Research Drive, Saskatoon, Saskatchewan,
S7N 3R2. The fax number is (306) 975-0316.
The notice must include: producer CWB ID number, crop year, name
as it appears on the CWB permit book and full mailing address.
Correspondence must be postmarked no later than August 31 of the
calendar year following the start of the crop year (August
31-July 31). Producers who provide this full notification will
receive a confirmation letter from the Foundation within 30 days
after notification is received.
The more than 90 percent of producers who support the Wheat and
Barley Check-off Funds are eligible to obtain tax benefits on
check-off amounts used to support research and development.
For the 2002 tax year, 94 percent of wheat check-off and 92
percent of barley check-off is eligible to earn a tax credit.
These are earned at a rate of 20 percent for individuals and 35
percent for corporate producers that are Canadian controlled
private corporations.
For more information on the tax credit, the Wheat and Barley
Check-off Funds or Western Grains Research Foundation in
general, visit the Foundation Web site at
www.westerngrains.com
or contact the Foundation office by phone at (306) 975-0060. |