News

A successful first fiscal year for Grain Farmers of Ontario

GUELPH, ON (September 16, 2011) – At the September 8, 2011 Grain Farmers of Ontario Annual General Meeting, farmer members learned of the many ways the organization added value to its members in 2011 and of the surplus position of the organization that has led to a reduction in license fees for the 2012 crop year.

In addition to the positive reports from the organization’s leadership, delegates and members came together to have meaningful discussion on issues and resolutions that will affect farmer-members in the future.

“The financial reports for Grain Farmers of Ontario's first full fiscal year are very positive, ending with an operating surplus of $4 million,” said Grain Farmers of Ontario finance manager Tom Farfaras in his presentation. “This surplus is due to the record yields and quality of the 2010 crop.”

The meeting also featured interesting speakers including David Phillips from Environment Canada who shared his thoughts on overarching weather trends and why weather seems to matter so much to Canadians, especially farmers. Attendees also had an opportunity to hear from John DePutter who spoke on market trends and provided insight into both the current market conditions and future opportunities.

To see the detailed reports from each manager at Grain Farmers of Ontario and for a complete look at our financial statements, see our Annual Report here: http://gfo.ca/Annual-Report

The financials will also appear in the October issue of the Ontario Grain Farmer magazine.

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

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 (June 16, 2017)

Subscribe


Inside Grain Farmers of Ontario

New episodes every week.

Episode 49: Communications


Follow us

twitter   linkedin   youtube

Weekly Commentary

Get Aggregated RSS

Grain Market Commentary for May 31, 2017

Wednesday, May 31, 2017

May 31, 2017

Commodity Period Price Weekly Movement
Corn CBOT July 3.71  01 cents
Soybeans CBOT July 9.26  22 cents
Wheat CBOT July 4.30  02 cents
Wheat Minn. July 5.72  11 cents
Wheat Kansas July 4.31  01 cents
Chicago Oats July 2.48  10 cents
Canadian $ June 0.7402  0.45 points

Harvest 2017 crop cash prices as of close on May 31, 2017
SWW @ $198.22/MT ($5.39/bu), HRW @ $198.22/MT ($5.39/bu),
HRS @ $233.70/MT ($6.36/bu), SRW @ $198.22/MT ($5.39/bu).

Read more

Market Trends

Get Aggregated RSS

Market Trends Report for June-July 2017

Monday, June 12, 2017

It is a critical time of the year for grain markets. Across the US corn belt as well as Ontario, farmers have been planting since mid April. It continues. As of May 28th 91% of US corn has been planted and 67% of US soybeans. There are wide variations on this theme as the Eastern and Southern corn belt has seen more of its share of wet weather causing many planting delays. As we move into late June it is a time where the US crop is setting up to be made and marketing decisions for that crop are accentuated by market volatility. The June 9th USDA report gave us another indication of the supply of grain in the US and around the world.

Listen to the podcast

Read more

sustainability
mobile apps