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Grain Farmers of Ontario congratulates new minister of agriculture Ted McMeekin

GUELPH, ON (October 20, 2011) – Grain Farmers of Ontario is pleased with the appointment of Ted McMeekin to the position of Minister of Agriculture, Food and Rural Affairs. 

Minister McMeekin has been a long time supporter of farmers in Ontario and an advocate for our Risk Management Program since the pilot program was introduced in 2007.  With his extensive experience as a minister, parliamentary secretary and in his municipality we are confident Minister McMeekin will be a strong leader for our agricultural industry.

“Our organization has many exciting new initiatives in market development and research that will benefit the province of Ontario,” says Don Kenny Chair of Grain Farmers of Ontario.  “We look forward to meeting with Minister McMeekin to discuss the many ways we can work together to ensure the success of the Ontario grain industry.”

Opportunities for market growth for Ontario’s grain farmers to discuss with the new minister will include a provincial bio-diesel mandate to match the federal two percent mandate announced earlier this year, a united strategy for research and market development, a Capital Cost Allowance acceleration for capital purchases and a tax credit for certified seed.

“Ontario’s grain farmers will be pleased with this announcement,” continues Kenny.  “Minister McMeekin is a supporter of his local farmers through a local food campaign and this support will now extend right across the province.” 

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 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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