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New report confirms value of neonicotinoids to corn and soybeans

GUELPH, ON (January 7, 2016) – A new report, released yesterday by Canada’s Pest Management Regulatory Agency (PMRA), confirms the value of neonicotinoid seed treatments used on corn and soybeans in Ontario.

The report expresses that the potential economic benefits at the farm level can be “critical to crop production in cases where pest pressures would require the producer to replant the entire crop, or when several pests are present in a given field, or when the pest affects end product marketability”.

“The PMRA report is aligned with what our organization has been expressing over the past few years and with what our farmer-members experience in the fields,” says Mark Brock, Chair of Grain Farmers of Ontario. “Pest management is a huge part of grain farming and is essential to ensure a quality end crop, and neonicotinoid seed treatments have been a highly effective tool for Ontario farmers to date.”

In the same PMRA report, it is stated: “identifying pest pressure poses considerable challenges for growers” and “the value of these seed treatments could be substantial for affected growers”.

Grain Farmers of Ontario agrees with these key statements and continues to struggle with the Ontario government’s seed treatment regulations, which include impractical methods and timelines for pest identification. It is evident, and now confirmed by the PMRA, that there is significant and sometimes critical need for neonicotinoid seed treatments on corn and soybeans in Ontario.

Grain Farmers of Ontario

Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 barley, corn, oat, 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:

Mark Brock, Chair - 519-274-3297; cropper01@hotmail.com

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

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Grain Market Commentary for December 6, 2017

Wednesday, December 06, 2017

Commodity Period Price Weekly Movement
Corn CBOT March 3.52  01 cents
Soybeans CBOT January 10.03  10 cents
Wheat CBOT March 4.25  10 cents
Wheat Minn. March 6.14  09 cents
Wheat Kansas March 4.23  06 cents
Chicago Oats March 2.48  15 cents
Canadian $ December 0.7835  0.50 points

Cash Grain prices as of the close, December 6, are as follows: SWW @ $178.23/MT ($4.85/bu), HRW @ $187.61/MT ($5.11/bu), HRS @ $238.74/MT ($6.50/bu), SRW @ $182.92/MT ($4.98/bu).

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Market Trends Report for November-December 2017

Monday, November 13, 2017

US and World

Harvest time is in full swing across United States and Ontario. There have been delays, but as usual, farmers in 2017 like they have many times before are finding ways to get the crop in the bin. Yield monitors flickering on social media have been a harbinger of big yields in the United States as one of the biggest crops in American history gets closer to the finish line. How big that crop has become has been a great subject of debate over the last several months.

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On November 9th USDA chimed in with their latest crop production report. In a surprise move, which shocked the market the USDA raised 2017/2018-corn production to 14.58 billion bushels. This was on a projected yield of 175.4 bushels per acre, which was up from its October estimate of 171.8 bushels per acre. This was outside any pre-report estimates on the high side and the market responded accordingly by falling seven cents on the day. If this yield comes to fruition, it will be the largest US domestic corn yield in history. US domestic corn stocks are projected to increase to 2.49 billion bushels, a very onerous figure headed into next year.

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