News

Annual district meetings in progress

Grain Farmers of Ontario will be holding Annual District Grain Committee Meetings during the month of January. These meetings are called to receive reports, elect the District delegates, alternates, and directors, and conduct other business as may properly come before the annual meeting. All barley, corn, oat, soybean, and wheat farmers are encouraged to attend their local meeting.

The schedule of district meetings is here.

Successful risk management program needs vote of confidence from provincial and federal governments

GUELPH – Ontario Grains & Oilseeds appreciates the leadership shown by Ontario’s McGuinty government in 2007 when the pilot Risk Management Program (RMP) was launched. But with the three-year pilot period about to expire this year, it is time for the provincial government to continue its leadership role in protecting the viability of the family farm and make RMP permanent. It is also time for the federal government to come to the table in support of provincial business risk management programs.

RMP is a price support program for grain and oilseed producers to offset losses caused by low commodity prices created by global subsidies, and volatility in world markets and currency rates. Payments are triggered when prices for grains and oilseeds fall below a specific support level based on a cost-of-production formula.

RMP is currently a partnership between the province and producers and similar to an insurance program, with both partners contributing to the program.  “After eight years of depressed world prices prior to 2007, RMP has fulfilled its mandate of providing an element of long-term stability and the ability to plan for the future,” says Leo Guilbeault, Chair of Ontario Grains & Oilseeds.

The RMP pre-harvest payments are scheduled to be mailed beginning November 23 for the 2009 forward-contract period.  Producers will receive a payment on corn this year of $0.144 per bushel at the 100 per cent coverage level (adjusted for the 40 per cent provincial contribution from $0.36).  Producers are currently working to bring the federal government on board as partners in RMP at the federal rate of 60 per cent.

RMP is a critical pillar in supporting a multi-billion dollar industry that feeds Ontario cities and keeps our rural communities thriving. 

Ontario’s grains and oilseeds producers strongly encourage the province to make the program permanent and for the federal government to come to the table as partners, as we do not want to go back to a system where we stumble from crisis to crisis with emergency aid announcements that cost the government more in the end,” Mr. Guilbeault said.

Ontario Grains & Oilseeds represents over 25,000 farm families growing soybeans, wheat, corn, canola and edible beans from Ottawa to Windsor.  Our labour and innovation brings in nearly $3 Billion a year in food and biofuel products, the backbone of rural communities throughout Ontario.  The spin-off industries bring in over $10 Billion per year.  There has even been some speculation that Agriculture could once again become the number one industry in Ontario with the downsizing of the auto sector.

For more information on the RMP, please visit Agricorp’s webpage: http://www.agricorp.com/en-ca/programs/rmp/#market_prices

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 12, 2018)

Subscribe


Inside Grain Farmers of Ontario

New episodes every week.

Episode 68: Research

Weekly Commentary

Get Aggregated RSS

Grain Market Commentary for January 10, 2018

Wednesday, January 10, 2018

Commodity Period Price Weekly Movement
Corn CBOT March 3.49  03 cents
Soybeans CBOT March 9.55  15 cents
Wheat CBOT March 4.34  02 cents
Wheat Minn. March 6.34  14 cents
Wheat Kansas March 4.40  03 cents
Chicago Oats March 2.45  06 cents
Canadian $ March 0.7984  0.01 points

Cash Grain prices as of the close, January 10, are as follows: SWW @ $188.96/MT ($5.14/bu), HRW @ $193.58/MT ($5.27/bu), HRS @ $244.25/MT ($6.65/bu), SRW @ $188.96/MT ($5.14/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