News

Further disappointment surrounding Bill C-474

Grain Farmers of Ontario struggles with bill passing second reading

GUELPH, ON (April 15, 2010) – Grain Farmers of Ontario (GFO) is greatly disappointed with the result of the second reading of bill C-474 last night. The bill passed last evening with 153 voting in favour and 134 opposed. The bill now goes to the Agriculture Standing Committee for review.

Bill C-474 calls for an amendment to the Seeds Regulations to require that an analysis of potential harm to export markets be conducted before the sale of any new genetically engineered seed is permitted. The effect of this bill will be to introduce non science-based criteria to Canada’s evaluation and approval process for biotech seeds. A move in this direction would represent a serious and dangerous departure from a science based regulatory approach – an approach that has served farmers well in defending Canada’s ability to export agricultural production to other countries.

“A move to depart from a science-based regulatory approach would be an open invitation for other countries to impose non-science based trade barriers on Canada’s grain exports” said Barry Senft, CEO of GFO.

Bill C-474 would eliminate advantages now enjoyed by Ontario farmers and consumers by introducing unpredictable factors into the regulatory process. The bill could indefinitely delay all future approvals on the basis that there may be one country somewhere that would not accept genetically modified crops.

A coalition of farm groups, including GFO, opposed to bill C-474 will take the time prior to their testimony at the Agriculture Standing Committee to build a strong case against the bill and to ensure farmers from across Canada are represented on the issue.

Farmers are encouraged to contact GFO for more information and arrange a meeting with their local MP to discuss the impact this issue will have on Ontario farmers. 

Grain Farmers of Ontario

Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 corn, soybean and wheat farmers. The crops they grow cover 6 million acres of farm land across the province, generate over $2.5 billion in farm gate receipts, result in over $9 billion in economic output and are responsible for over 40,000 jobs in the province.

Contact:

Barry Senft, CEO - 1-800-265-0550; bsenft@gfo.ca

Stay in touch

Subscribe to the Bottom Line

Subscribe to The Bottom Line, the weekly newsletter that helps our members stay on top of all the news that affects their bottom line.

Read the latest issue (August 18, 2017)

Subscribe


Inside Grain Farmers of Ontario

New episodes every week.

Episode 55: Market Development


Follow us

twitter   linkedin   youtube

Weekly Commentary

Get Aggregated RSS

Grain Market Commentary for August 16, 2017

Wednesday, August 16, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.52  20 cents
Soybeans CBOT November 9.25  53 cents
Wheat CBOT September 4.20  44 cents
Wheat Minn. September 6.73  60 cents
Wheat Kansas September 4.20  24 cents
Chicago Oats September 2.60  10 cents
Canadian $ September 0.7898  0.15 points

Harvest 2017 prices as of the close, August 16 are as follows:
SWW @ $182.43/MT ($4.96/bu), HRW @ $189.46/MT ($5.16/bu),
HRS @ $254.49/MT ($6.93/bu), SRW @ $187.11/MT ($5.09/bu).

Read more

Market Trends

Get Aggregated RSS

Market Trends Report for August-September 2017

Monday, August 14, 2017

US and World

It has been an uneven growing season in much of the American corn belt. The Western corn belt has been dry especially in the Dakotas, while the mid south and Eastern corn belt were inundated with heavy rains earlier in the spring. The forecast in late July turned cooler and wetter for all of the American corn belt. This new forecast essentially changed much of the outlook for the American crop, but still many analysts were expecting lower August USDA numbers reflecting some of the earlier tough conditions for US corn and soybeans. Anticipation of the August 10th USDA report was filled with expectations of lower yield projections.

Listen to the podcast

On August 10th, the USDA lowered their projected corn yield estimate to 169.5 bushels per acre down from their earlier projection of 170.7 bushels per acre and less than last year's 174.6 bushels per acre. At the same time the USDA raised soybean yield expectations to 49.4 bushels per acre up from their 48 bushels per acre earlier estimate. This pegged 2017/18-soybean production at 4.4 billion bushels. Both of these USDA estimates rocked the grain market August 10th, as it was a big surprise. With so much uneven weather affecting this crop in the field a US corn yield of 165-166 bushels per acre was a general trade estimate. Futures prices plummeted on this very bearish report.

Read more

sustainability
mobile apps