News

McGuinty makes RMP permanent

GUELPH, ON (March 29, 2011) – Grain Farmers of Ontario is enthusiastic and pleased with the commitment the McGuinty government has made to Ontario’s 28,000 corn, soybean and wheat farmers with the inclusion of a permanent risk management program (RMP) in the budget.

RMP is a cost-shared, insurance program that provides stability to farmers when grain markets are volatile. 

"The RMP model has been piloted for four years and has shown great value for grain farmers,” says Don Kenny, Chair of Grain Farmers of Ontario. “We appreciate the efforts and support of Premier Dalton McGuinty and Agriculture Minister Carol Mitchell in protecting the viability of our 28,000 members’ farms.”

The decision to make RMP permanent demonstrates the government’s long-term dedication to Ontario’s food supply and rural communities.

“Ontario’s grain farmers should celebrate today’s news,” continues Kenny. “The leadership shown today by the McGuinty government sets a new standard in the province and ensures the sustainability of our family farms.”

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.

Stay in touch

Register for the March Classic

March Classic logo

Leadership for Tomorrow: March 20, 2018, at the London Convention Centre.

Register here


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.

Subscribe


Inside Grain Farmers of Ontario

New episodes every week.

Episode 71: From the CEO's Desk

Weekly Commentary

Get Aggregated RSS

Grain Market Commentary for February 7, 2018

Thursday, February 08, 2018

Grain Farmers of Ontario farmer-members are invited to attend two full-day marketing seminars on grain marketing: Intro to Futures & Options, as well as the more advanced Options & Technical Analysis.

Register now

Commodity Period Price Weekly Movement
Corn CBOT March 3.61 ↑ 05 cents
Soybeans CBOT March 9.96 ↑ 04 cents
Wheat CBOT March 4.51 ↑ 18 cents
Wheat Minn. March 6.07 ↑ 01 cents
Wheat Kansas March 4.67 ↑ 35 cents
Chicago Oats March 2.65 ↓ 10 cents
Canadian $ March 0.8130 ↑ 0.23 points

Notice: The commentary for all commodities was written at 10 a.m. on February 8 before the release of the February United States Department of Agriculture (USDA) report.

Cash Grain prices as of the close, February 7, are as follows: SWW @ $210.13 ($5.72/bu), HRW @ $207.82/MT ($5.66/bu), HRS @ $233.89/MT ($6.37/bu), SRW @ $205.52/MT ($5.59/bu).

Read more

Market Trends

Get Aggregated RSS

Market Trends Report for February-March 2018

Monday, February 12, 2018

The winter season in North America is often one of hopes and dreams. With the January 2018 USDA report a month old the scope of the 2017 crop is now becoming a memory. Farmers have turned the page and will soon be planting corn in places like Texas. However, in the southern hemisphere corn and soybean crops are growing in the field and affecting prices every day. While the northern hemisphere freezes under the snow, weather in Argentina and Brazil has been defining the initial grain fundamentals for 2018.

Listen to the podcast

On February 8th, the USDA released its latest World Supply and Demand Estimates. (WASDE) The USDA lowered US corn ending stocks to 2.352 billion bushels down 125 million bushels from last month. This was totally related to an increase in US corn exports by the same amount. This was attributed to a weakened US dollar and reduction in both Argentinian and Ukrainian corn exports. Hot weather in Argentina had USDA lowering their corn production 2.8 MMT to 39 MMT. USDA maintained Brazil corn production of 95 MMT.

Read more

sustainability
mobile apps