2017-18 clearfield and nexera CL CANOLA PROGRAM

 

Available Clearfield varieties include PV 200CL, VR 9560CL, X121 CL, 46H75 and 45H76. Available Nexera CL varieties include 2020CL, 2022CL and 2024CL Hybrids.

 

Clearfield Program

Program Key Features:

  • Free On-Farm pickup (OFP) (quantities of 35mt during road ban season and 42mt during non-road ban season).
  • Must sign production contract in order to be eligible for premiums
  • Five (5) delivery windows to choose from. Delivery is secured by a Grain Purchase Agreement (GPA). Windows are subject to close without notice.
  • GPA must be created by the deadline for all available windows.
  • Viterra may determine acceptance and the delivery period for anything above 30 bu/acre.
  • Producers who sign a Basis GPA will be eligible for the first 15 bu/ac “Act of God” on their first contract tonnage. The Act of God applies only to the Basis portion of the contract and will be based off of the actual reconciled seeded acres reported by June 30, 2017.
  • Harvest reconciliation completed by October 15th.
  • In the event a producer does not meet his contractual obligation of the qualifying crop, they may fill the contract with generic canola by following the stated process:
    • The generic canola basis used will be based on the date that the original IP canola contract was signed, not the current generic canola basis.
    • If they originally had a flat priced contract they will receive the flat price; if they had a basis only they will receive the basis. If they disagree we will perform a buyback and the producer will be charged the replacement.
  • A GPA must be entered to initiate OFP process.
  • Producer’s price is a premium basis bid to generic canola.
Delivery Period GPA Deadline
Sept - Nov Oct 15th 2017
Dec - Jan Dec 15th 2017
Feb - Mar Feb 15th 2018
Apr - May April 15th 2018
Jun - Aug June 15th 2018

 

Nexera CL Program

Program Key Features:

  • Free On-Farm pickup (OFP) (quantities of 35mt during road ban season and 42mt during non-road ban season).
  • Must sign production contract in order to be eligible for premiums
  • Five (5) delivery windows to choose from. Delivery is secured by a Grain Purchase Agreement. Windows are subject to close without notice.
  • GPA must be created by the deadline for all available windows.
  • Viterra may determine the acceptance and the delivery period for anything above 30 bu/acre.
  • Producers who sign a Basis GPA will be eligible for the first 30 bu/ac “Act of God” on their first contract tonnage. The Act of God applies only to the Basis portion of the contract and will be based off of the actual reconciled seeded acres reported by June 30, 2017.
  • Harvest reconciliation completed by Oct 15th.
  • A GPA must be entered to initiate OFP process.
  • Producer’s price is a premium basis bid to generic canola.
Delivery Period GPA Deadline
Sept - Nov Oct 15th 2017
Dec - Jan Dec 15th 2017
Feb - Mar Feb 15th 2018
Apr - May Apr 15th 2018
Jun - Aug Jun 15th 2018