McGuinty makes RMP permanent

GUELPH, ON (March 29, 2011) – Grain Farmers of Ontario is enthusiastic and pleased with the commitment the McGuinty government has made to Ontario’s 28,000 corn, soybean and wheat farmers with the inclusion of a permanent risk management program (RMP) in the budget.

RMP is a cost-shared, insurance program that provides stability to farmers when grain markets are volatile. 

"The RMP model has been piloted for four years and has shown great value for grain farmers,” says Don Kenny, Chair of Grain Farmers of Ontario. “We appreciate the efforts and support of Premier Dalton McGuinty and Agriculture Minister Carol Mitchell in protecting the viability of our 28,000 members’ farms.”

The decision to make RMP permanent demonstrates the government’s long-term dedication to Ontario’s food supply and rural communities.

“Ontario’s grain farmers should celebrate today’s news,” continues Kenny. “The leadership shown today by the McGuinty government sets a new standard in the province and ensures the sustainability of our family farms.”

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.

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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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