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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 June 21, 2017

Wednesday, June 21, 2017

June 21, 2017

Commodity Period Price Weekly Movement
Corn CBOT July 3.69  08 cents
Soybeans CBOT July 9.19  13 cents
Wheat CBOT July 4.65  22 cents
Wheat Minn. July 6.49  22 cents
Wheat Kansas July 4.68  11 cents
Chicago Oats July 2.59  04 cents
Canadian $ September 0.7525  0.25 points

Harvest 2017 prices as of the close, June 21 are as follows:

SWW @ $219.48/MT ($5.97/bu), HRW @ $217.05/MT ($5.91/bu),
HRS @ $267.34/MT ($7.28/bu), SRW @ $217.05/MT ($5.91/bu)

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Market Trends Report for June-July 2017

Monday, June 12, 2017

It is a critical time of the year for grain markets. Across the US corn belt as well as Ontario, farmers have been planting since mid April. It continues. As of May 28th 91% of US corn has been planted and 67% of US soybeans. There are wide variations on this theme as the Eastern and Southern corn belt has seen more of its share of wet weather causing many planting delays. As we move into late June it is a time where the US crop is setting up to be made and marketing decisions for that crop are accentuated by market volatility. The June 9th USDA report gave us another indication of the supply of grain in the US and around the world.

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