The C.W.B.'s Board of Directors has unanimously approved to takeover its adjustment, interim, and final payments to farmers.

At present the Board recommends these payments and the federal government approves them.

The proposal was approved at a directors meeting late in November, and now Agriculture Minister Chuck Strahl has been asked to bring the change into effect.

The C.W.B.'s contingency fund would be used to manage the risk associated with managing the payments.

The fund is currently capped at $60 million, but the Board has asked government to increase the limit to $100 million.

With the Board assuming the risk for the payments, it has requested additional compensation from the feds who would no longer underwrite the risk.

Once the change is made government approval would be required only to set the original initial payment at the beginning of each crop year, which would continue to be underwritten by Ottawa.