News

New partnership brings $5.7 million to research

THAMESVILLE, ON (September 13, 2010) – Grain Farmers of Ontario is excited about a new partnership that will provide $5.7 million for research in breeding and genetics in Eastern Canada.

The partnership is made possible through the Developing Innovative Agri-Products (DIAP) initiative from the Agriculture and Agri-Food Canada’s (AAFC) Growing Forward framework. The funding will be used to support 18 public breeding and genetics programs throughout Eastern Canada – from Manitoba to Prince Edward Island.

Covering six field crops – winter wheat, corn, soybeans, spring wheat, oats and barley - these projects will be managed by the newly formed Canadian Field Crops Research Alliance (CFCFRA). The alliance is a collaboration of seven organizations including Grain Farmers of Ontario (GFO), SeCan, Fédération des producteurs de cultures du Québec, Manitoba Corn Growers Association, Manitoba Pulse Growers Association, PepsiCo Canada and the Atlantic Grains Council.

“We’re very excited about the possibilities that this new funding presents for breeding,” says Crosby Devitt, Manager of Market Development and Research at GFO and chair of the new alliance. “The projects will focus on advancing production efficiencies and insect and disease resistance as well as targeting new markets in the food, industrial and feed markets, both domestically and internationally,” continues Devitt.

DIAP is part of the larger Growing Canadian Agri-Innovations Program, a federally funded, $158 million five-year program that promotes industry-led innovation initiatives.

Of the $5.7 million, AAFC is contributing $4 million and the partners of the alliance are contributing the remaining $1.7 million. GFO is directly contributing $628,000.

“GFO has been working hard on this initiative over the past year and a half,” says Henry Van Ankum, Vice Chair of GFO. “As developing new varieties is integral to maintain a strong grain industry, we are very excited to see it come to fruition.”

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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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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Market Trends Report for July-August 2017

Monday, July 24, 2017

It is a sizzling summer in the American heartland with North and South Dakota taking the brunt of a devastating drought, which has impacted spring wheat country. Temperatures across the American Midwest have been triple digit for much of July and it remains to be seen how this will impact corn and soybean crops in the United States. The 30-day forecast for the American Midwest is for a continuance of hot and dry weather.

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On July 12th the USDA weighed in with their latest estimates of US crop production. In the report the USDA increased US corn production at 14.255 billion bushels with the US national yield sustained at 170.7 bushels per acre. At the same time the USDA increased soybean production to 4.26 billion bushels. This was based on a five million bushel increase based on expected harvested area at 48 bushels/acre.

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