Ontario RMP secure for 2018

Press release

GUELPH, ON (September 20, 2017) – The risk management program (RMP) for Ontario farmers will remain intact for 2018.

In a letter from the Honourable Jeff Leal, Minister of Agriculture, Food and Rural Affairs, Grain Farmers of Ontario was notified that the ministry will not proceed with interim changes to RMP. For 2018, this program will remain unchanged as the federal suite of business risk management programs is under review.

“We support the decision by the Minister to leave Ontario’s existing risk management program in place for the next crop season,” says Mark Brock, Chair of Grain Farmers of Ontario. “An interim revision to RMP at this stage would create confusion for our farmer-members and we are pleased the Minister put this on hold.”

With the federal review of business risk management underway, it makes sense that the ministry delays the update to the provincial program at this time. Ontario’s RMP should complement the federal suite, ensuring both programs work together. The Minister, in his letter, confirmed that the ministry will maintain the funding of $100 million throughout the evaluation of the RMP program and any resulting changes.

“Grain Farmers of Ontario is a founding member of the AgGrowth Coalition and is committed to delivering both a federal and a provincial solution to risk management that works for farmers,” says Brock. “We are pleased that the Minister has acknowledged our active participation in this review process and are confident that appropriate risk management options will be available for farmers in the near future.”

The comprehensive review of the federal suite of programs was announced in July at the federal-provincial-territorial meeting with support from all provincial agriculture ministers. The first draft of the federal program revisions is expected in 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.


Mark Brock, Chair - 519-274-3297;

Meghan Burke, Communications – 519 767-2773;

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Grain Market Commentary for March 7, 2018

Wednesday, March 07, 2018

Commodity Period Price Weekly Movement
Corn CBOT May 3.87 ↑ 13 cents
Soybeans CBOT May 10.65 ↑ 10 cents
Wheat CBOT May 4.97  02 cents
Wheat Minn. May 6.20 02 cents
Wheat Kansas May 5.34  12 cents
Chicago Oats May 2.64  06 cents
Canadian $ March 0.7731 ↓ 0.65 points

Cash Grain prices as of the close, March 7, are as follows: SWW @ $238.66 ($6.50/bu), HRW @ $233.91/MT ($6.37/bu), HRS @ $248.62/MT ($6.77/bu), SRW @ $231.54/MT ($6.30/bu).

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Market Trends Report for March-April 2018

Monday, March 12, 2018

March is often a time in the grain markets where we can see movement in the production area of South America, which can be impacted by weather events. The big US crop has long been put away and is slowly moving out to end-users across the greater hinterland. Problems in Argentina with severe drought conditions have dominated the landscape over the last 30 days as prices have gone up to become much more volatile based on this weather market. Increasingly so, farmers need to watch the weather maps of South America to get clues of production conditions in the southern hemisphere.

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The USDA is starting in on their projection season. On February 22nd during their Outlook forum predictions for 2018 corn and soybean acres came in equally at 90 million acres. So let the games begin. An even bigger USDA report will come March 29th when the USDA releases its prospective plantings report. Markets will be focused on that day to see if there are any surprises.

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