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Grain Farmers of Ontario denied appeal

GUELPH, ON (April 20, 2016) – Grain Farmers of Ontario is extremely disappointed by the decision of the Court of Appeal of Ontario, released today, which denies the request for appeal on the dismissal of the case surrounding the Ontario government’s seed treatment regulations.

“The decision is both frustrating and disheartening for myself, our farmer-members, and the grain industry,” says Mark Brock, Chair of Grain Farmers of Ontario. “While the result is not what we hoped for, the judgement acknowledged that farmer rights have been negatively affected by this regulation and that it does create legitimate hardships on grain farmers in this province.”

Grain Farmers of Ontario defended its farmer-members’ rights to the highest court possible within the province and the judgement recognizes that there is no legal remedy for regulatory decisions, such as this one, made by government.

The seed treatment regulation, and the precedent it sets for regulating farm inputs, has a significant and detrimental impact on agriculture in Ontario. While the Grain Farmers of Ontario Board of Directors will have further discussion regarding an appeal, it has decided to immediately engage BDO to conduct an audit of the impact of these regulations on Ontario’s grain farmers.

“To ensure the government truly understands how decisions like this impact our businesses, and with the goal of improving how agricultural policy is formed in the future, we are commissioning this audit and we will regularly inform the government of findings throughout this study,” says Brock. “This issue remains a top priority for Grain Farmers of Ontario and we will continue to engage government on this topic today and into the future.”

BDO is one of the leading accounting and advisory firms in Canada. Over the next three years, BDO will investigate the socio-economic consequences of these regulations, including the cost to farmers operating under this new regime and the cost to the future of food and fibre production in Canada.  The Conference Board of Canada conducted a study prior to the implementation of these regulations that estimated a loss of over $600 million if farmers were unable to access neonicotinoids and that some farmers would simply move away from farming. 

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 – 226 820-6641; mburke@gfo.ca

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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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