News

Grain Farmers of Ontario Acknowledges First Step in Business Risk Management Reform

Press release

GUELPH, ON (July 21, 2017) – Grain Farmers of Ontario commends federal, provincial and territorial agricultural leaders across Canada for supporting business risk management reform.

Today’s announcement of a comprehensive review of the current suite of business risk management programs is welcomed by Ontario’s grain farmers. The initiative was supported by Agricultural Ministers across the country at this week’s Federal-Provincial-Territorial meetings, held in Newfoundland.

“We thank Minister Leal for championing this issue,” says Mark Brock, Chair of Grain Farmers of Ontario. “Reliable risk management programs are not just about disaster relief – having appropriate tools to manage risk enables farmers, like myself, to invest in innovations on the farm benefiting the economy, environment, and our province as a whole.”

With today’s announcement also came unexpected news of reductions to AgriInvest. The changes made to AgriInvest were a unilateral decision made by the federal government.

“The cuts to AgriInvest underline the critical need for ongoing collaboration between policy-makers and agricultural organizations,” continues Brock. “With the exception of Crop Insurance, AgriInvest is the only program, within the suite of risk management programs, that works well for our farmer-members and we hope for much more appropriate and effective steps forward through this review process.”

Grain Farmers of Ontario is disappointed that the federal government has adjusted this important program, ahead of the comprehensive review of the whole suite of programs. As the review process moves forward, it is critical that effective programs, like AgriInvest, do not suffer. Options coming out of the review are scheduled to be presented July 2018.

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

Deb Conlon, Manager, Government Relations - 416-805-4490; dconlon@gfo.ca

Stay in touch

Register for the March Classic

March Classic logo

Leadership for Tomorrow: March 20, 2018, at the London Convention Centre.

Register here


Annual Report

The 2017 Grain Farmers of Ontario Annual Report is now available.

Read it now or download a .pdf.


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 (January 17, 2018)

Subscribe


Inside Grain Farmers of Ontario

New episodes every week.

Episode 68: Research

Weekly Commentary

Get Aggregated RSS

Grain Market Commentary for January 17, 2018

Wednesday, January 17, 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.

Register now

Commodity Period Price Weekly Movement
Corn CBOT March 3.53  04 cents
Soybeans CBOT March 9.69  15 cents
Wheat CBOT March 4.21  13 cents
Wheat Minn. March 6.12  22 cents
Wheat Kansas March 4.27  13 cents
Chicago Oats March 2.54  09 cents
Canadian $ March 0.8060  0.80 points

Cash Grain prices as of the close, January 17, are as follows: SWW @ $176.58/MT ($4.81/bu), HRW @ $181.14/MT ($4.93/bu), HRS @ $231.22/MT ($6.29/bu), SRW @ $176.58/MT ($4.81/bu).

Read more

Market Trends

Get Aggregated RSS

Market Trends Report for January-February 2018

Monday, January 15, 2018

US and World

Winter weather blows across North American farm country as another year has gone and we greet 2018. The 2017 growing season was very uneven across North America, but memories of that are fading. Grain prices have suffered under the specter of big crop numbers that have been projected by both the USDA and private analysts throughout 2017. The January USDA report is always the final report on the crop year that past. On January 12th the USDA released a plethora of crop numbers, which will define the grain marketplace for the coming year.

Listen to the podcast

On January 12th, the USDA increased 2017 US corn production to 14.6 billion bushels, on a harvested acreage of 82.7 million acres. The average yield was increased to 176.6 bushels per acre, which was 2 bushels above the 2016/17 crop. 2017/18 corn ending stocks were raised to 2.48 billion bushels. Total corn usage was actually reduced to 14.470 billion bushels, down from 14.485 last month. US exports are down and US ethanol corn usage was down from December. Corn stored on December 1 was 12.516 billion bushels, which was above trade expectations.

Read more

sustainability
mobile apps