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Food vs. Fuel: the debate is over

GUELPH, ON (April 26, 2011) – A new study released by the Grain Farmers of Ontario should put an end to the ongoing debate of whether the grain we grow should be used for food or fuel.  We can and should do both.

The abundance of grain grown by farmers around the world and here in Ontario can both protect the environment and feed the world.  As farm yields climb and investments are made in farm production in the developing world, feeding and fueling the world can even be done cost effectively.

“My corn yields have increased by 35 percent since I started farming in 1975,” says Don Kenny who farms just outside of Ottawa and is the chair of Grain Farmers of Ontario.  “I am confident that my land will continue to be productive and that new products and technologies will ensure my family supplies our local livestock market and the ethanol plant down the road for many years to come.”

According to the study by Dr. Terry Daynard and KD Communications, by including an average of just 5% ethanol in regular gasoline, Canadians are reducing greenhouse gas emissions by 2.3 million tonnes annually while saving money.  Five percent ethanol blending has reduced annual family gasoline expenditures by more than $100 per year.  Ethanol is also credited with replacing hazardous compounds in gasoline used for octane enhancement and increasing engine efficiency. 

There is also good news for the world’s food supply. Food demands around the world are growing by 1.1% per year according to the Food and Agriculture Organization of the United Nations. Fortunately, the Grain Farmers of Ontario study reveals that global grain production has increased by 1.5% per year over the past 20 years. With increasing resources now being directed to agricultural development in some of the world’s hungriest countries, especially in Africa, there is optimism that we will continue to grow the crops and increase production where the need is greatest.

“Quite frankly, it is a relief for us to learn that production of biofuels, like ethanol, here in Ontario makes such a positive contribution to our environment without any notable impact on overall food prices and the world’s ability to supply food,” says Barry Senft, CEO for Grain Farmers of Ontario.  “Regardless of this discussion, our farmers are dedicated to growing a sufficient supply of food for Canadian families”.

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.

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Episode 71: From the CEO's Desk

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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.

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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).

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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.

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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.

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