Saskatchewan Pulse Growers is reducing the levy charged on pulse and soybean crops grown in the province from one per-cent to zero point 67 per-cent for a one year period beginning August first.
Pulse Growers chair Tim Wiens says the decision was driven by record acres and prices in the pulse industry in recent years and a significant accumulated reserve.
He says revenue is exceeding the organization’s operating expenses and the change will enable farmers to keep more money in their pockets.
The levy revenue was 14 million dollars two years ago but is expected to reach 25 million dollars this year.
Pulse Growers will consult with growers to determine the levy after July, 2017.
The levy is used for crop research and promotion.
The Pulse Growers recently announced an investment of 23 million dollars to the pulse breeding program at the Crop Development Centre at the U of S in Saskatoon.