News

Grain Farmers of Ontario pleased with permanent risk management program

GUELPH, ON (June 29, 2011) – Grain Farmers of Ontario is pleased with the details that were finalized earlier this month regarding the permanent Risk Management Program and announced for Ontario’s 28,000 grain farmers by Minister Carol Mitchell today. 

The program was designed by farmers for farmers to insure their businesses against risk factors out of their control like commodity price volatility, currency fluctuations and unexpected input cost increases.

“We have been looking forward to the day our program was made permanent since our pilot Risk Management Program began in 2007,” says Don Kenny, Chair of Grain Farmers of Ontario.  “We are thankful to our Minister of Agriculture, Carol Mitchell for her hard work and dedication to Ontario’s farmers.”

Program applications for grain farmers will be available in August and the program will continue to be delivered through Agricorp.  All grain farmers are eligible for the Risk Management Program and premiums have been waived for the 2011 crop year.

Grain Farmers of Ontario would like to thank Premier McGuinty and our Ontario MPPs who recognize the value of a strong agricultural sector in this province.  

“We appreciate and look forward to having this permanent Risk Management Program for Ontario’s farmers,” says Kenny.

Details about the program are available at www.ontario.ca/rmp, by calling 1-877-424-1300, or by sending an email to rmpinfo@ontario.ca.

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.

Stay in touch

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 (July 15, 2017)

Subscribe


Inside Grain Farmers of Ontario

New episodes every week.

Episode 52: Communications – Honda Indy


Follow us

twitter   linkedin   youtube

Weekly Commentary

Get Aggregated RSS

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).

Read more

Market Trends

Get Aggregated RSS

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.

Listen to the podcast

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.

Read more

sustainability
mobile apps