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Grain Farmers of Ontario announces new board of directors

GUELPH, ON (March 17, 2014) – Grain Farmers of Ontario is pleased to announce the 2014 Board of Directors with a new Director for District 8. The Board consists of 15 Directors representing the interests of our farmer-members across the province. Each one draws upon their own grain farming experience and dedication to community leadership for the betterment of our organization and the future of the grain industry.

The 2014 Board of Directors:    

District 1 (Essex) – Leo Guilbeault

District 2 (Kent) – Mark Huston

District 3 (Lambton) – Dave Park

District 4 (Middlesex) – Joe Thomson

District 5 (Elgin, Norfolk) – Scott Persall

District 6 (Haldimand, Brant, Hamilton, Niagara) – Gerry Prentice

District 7 (Waterloo, Oxford) – Kevin Armstrong

District 8 (Huron) – Keith Black

District 9 (Perth) – Mark Brock

District 10 (Grey, Bruce, Wellington) – Henry Van Ankum

District 11 (Dufferin, Simcoe, Halton, Peel, York) – Colin Elliott

District 12 (Durham, Northumberland, Kawartha, Peterborough, Hastings) – Joe Hickson

District 13 (Prince Edward, Lennox, Addington, Frontenac, Lanark, Leeds, Grenville, Renfrew, Ottawa) – Don Kenny

District 14 (Prescott, Russell, Stormont, Dundas, Glengarry) – Markus Haerle

District 15 (Northern Ontario) – Kevin Runnalls

Directors will now serve two-year terms, following a recent change in our election process approved through a regulatory review under the Farm Products Marketing Act. These new terms are being phased-in, and began with Directors in even numbered districts this year. Two-year terms for Directors in odd-numbered districts will begin next year. This will create more stability and consistency within the leadership of Grain Farmers of Ontario.

The Executive Committee has also been elected with a new Executive Member:

Chair – Henry Van Ankum

Vice Chair (2) – Mark Brock, Mark Huston

Executive Member – Markus Haerle

“Grain Farmers of Ontario’s Board of Directors remains committed to the core values and strategic goals of the organization and looks forward to another successful year,” says Henry Van Ankum, Chair of Grain Farmers of Ontario. “We will continue to focus on research, market development and government policy to ensure the best opportunities are available for grain farmers.”

To learn more about our Directors, go to the ‘About us’ section at www.gfo.ca

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

Henry Van Ankum, Chair - 519-835-4200; henryvanankum@sympatico.ca

Meghan Burke, Communications – 519 767-2773; mburke@gfo.ca

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Weekly Commentary

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Grain Market Commentary for October 18, 2017

Wednesday, October 18, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.48  01 cents
Soybeans CBOT November 9.84  08 cents
Wheat CBOT December 4.30  01 cents
Wheat Minn. December 6.10  02 cents
Wheat Kansas December 4.28  02 cents
Chicago Oats December 2.68  06 cents
Canadian $ December 0.8025  0.10 points

Harvest 2017 prices as of the close, October 18 are as follows: SWW @ $183.15/MT ($4.98/bu), HRW @ $192.30/MT ($5.23/bu), HRS @ $238.09/MT ($6.48/bu), SRW @ $187.72/MT ($5.11/bu).

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Market Trends Report for October-November 2017

Monday, October 16, 2017

It is that time of year again when combines are rolling. However, uneven weather in parts of the American corn belt and Ontario has delayed harvest. There is nothing particularly unusual about this as we have it every year. US crops are huge coming off the fields and the market will certainly be making further adjustments. The final determinant on yield will come in the January USDA report. However, the October USDA report released October 12th helped to re-focus the trajectory of grain prices as we head into the end of the 2017.

In the October 12th report USDA increased US national corn yield to 171.8 bushels per acre, an increase of 1.9 bushels per acre over their September estimate. This put 2017/2018-corn production at 14.28 billion bushels on the high-end of pre-report estimates. The USDA also pegged corn-ending stocks at 2.34 billion bushels, which was up 5 million bushels from their September estimate. This number was a bit of a surprise especially with which dry weather throughout the American Midwest the summer.

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USDA estimated soybean production to be at 4.431 billion bushels, which was a decrease from their September estimate. This was based on a .4 bushel/acre cut in US national yield down to 49.5 bushels per acre. However, the US soybean harvested acreage is at a record high of 89.5 million acres, which was up 1% from the USDA September estimate. The US domestic soybean ending stocks were also pegged at 430 million bushels, which was down 45 million bushels from their September estimate. This was generally looked at as bullish on report day and soybeans responded by going up $.26 a bushel. US domestic wheat stocks were set at 960 million bushels, which was 27 million bushels higher than their September estimate.

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