Cash Purchase Tickets for deferred payments unchanged in the 2017 Budget

Press release

GUELPH, ON (November 7, 2017) – Grain Farmers of Ontario applauds the Government of Canada’s announcement to maintain the current tax treatment of cash purchase tickets for deliveries of grains. The deferral mechanism is a valuable risk management tool for grain farmers who rely on it.

"We were pleased to see the Minister of Finance respond favorably to our request to maintain the current system of cash purchase tickets and deferral payments." said Mark Brock, Chairman, Grain Farmers of Ontario. "Any adjustments to the current Cash Basis tax filing method and instruments that support the tools to defer income would be to the detriment of the agriculture industry and the rural economies it supports."

The federal government’s commitment to economic stability and growth for the middle class, the agricultural sector and the Canadian economy would not benefit from changing the current instruments for tax deferral afforded to grains and oilseed farmers. It is in the interest of Canadians for farmers to have a stable foundation to manage risk, optimize business opportunities and invest in productivity to meet the growing demand for Canadian grains and oilseed products.

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.


Barry Senft, CEO - 1-800-265-0550;

Mark Brock, Chair - 519-274-3297;

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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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