News

Grain Farmers of Ontario plans for success

GUELPH, ON (June 25, 2010) – The Grain Farmers of Ontario strategic plan is complete, pending final Board review, and the accompanying budget has been approved by the Board for fiscal 2011 beginning June 1, 2010.

The strategic plan will challenge directors and staff with a broad vision for the organization that positions Ontario’s grain farmers as leaders not only in our province but beyond our borders.

“Our strategic plan will ultimately deliver tangible results into the bank accounts of our farmer members,” says Barry Senft, GFO’s CEO. 

The strategic plan will require a small increase in license fees to $1.75 per acre, from the originally proposed $1.70 in 2007, but will deliver dividends that will be measured in: 

  • new market opportunities,

  • increased access to information that will add value to members’ businesses,

  • research results that will reduce costs or increase returns and

  • better access to all levels of government, industry and the public on issues that affect your business.

“An example of where we have already started to add value was our new Market Development reception on June 23 in Guelph where we brought stakeholders from the industry and government together to discuss ways we can work together to bring new business opportunities for grain to Ontario,” say Senft.  “There are lots of exciting new products under development and we intend to have that infrastructure built close to our grain producing regions.”

This work cannot be done without the continued support and input from our members.  The GFO Strategic Plan will be available for comment later in the summer and all stakeholders are encouraged to contact the office or a local director or delegate with ideas and comments for ways we can work together to deliver results to Ontario’s grain farmers.  .

Grain Farmers of Ontario

Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 corn, 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:

Barry Senft, CEO - 1-800-265-0550; bsenft@gfo.ca

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Weekly Commentary

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Grain Market Commentary for July 19, 2017

Wednesday, July 19, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.82  03 cents
Soybeans CBOT November 10.12  25 cents
Wheat CBOT September 5.03  32 cents
Wheat Minn. September 7.75  06 cents
Wheat Kansas September 5.00  44 cents
Chicago Oats September 2.93  11 cents
Canadian $ September 0.7950  1.00 points

Harvest 2017 prices as of the close, July 19 are as follows:
SWW @ $218.72/MT ($5.95/bu), HRW @ $218.72/MT ($5.95/bu),
HRS @ $289.01/MT ($7.87/bu), SRW @ $217.90/MT ($5.93/bu).

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Special Post June 30 USDA Market Trends Report

Tuesday, July 04, 2017

US and the World

It can be an explosive time in the grain markets. Across the greater US corn belt corn, soybeans and wheat are showing great variability as we head into July. Historically, the July 4th weekend has always served as a market flashpoint as crops start to develop quickly and summer weather makes its impact. The June 30th USDA planted acreage estimates and quarterly stocks report also impact the market at this critical time. In 2017, we are here again and once again the USDA did provide some surprises for market action.

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In their June 30th USDA report many market observers were musing that US soybean acres may overtake US corn acres planted. However, that was not the case as USDA predicted US corn planting at 90.89 million acres and US soybean planting coming in at 89.51 million acres. US corn acreage is down 3.11 million acres from last year. The US soybean acreage was approximately 440,000 acres below pre report estimates, but still 7% higher than last year. All wheat acreage came in at approximately 45.66 million acres, which was the lowest since the USDA began keeping records in 1919.

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