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Conference board report shows the benefits of Canada's ethanol industry

GUELPH, ON (November 7, 2011) – A study on the economic impact of the ethanol industry in Canada and its environmental and health effects from the Conference Board of Canada mirrors Grain Farmers of Ontario’s recent findings: the ethanol industry benefits our economy and our environment.

"Good policy is based on accurate information and careful assessment of the alternatives. The purpose of this report is to assess the evidence and to contribute to policy discussions around ethanol," said Len Coad, Director, Environment, Energy and Transportation in a release. "Our study concludes that ethanol should be part of Canada's energy mix. It is a clean transportation fuel that has a positive energy balance, reduces greenhouse gas emissions, and contributes to energy self-sufficiency."

According to the study, ethanol production in Canada has reached almost two billion litres per year and it can contribute to reducing Canada’s greenhouse gas (GHG) emissions. A 10 percent ethanol blend in our fuel reduces GHG emissions by four to six percent compared to gasoline. The Conference Board also looked at the economic impact of the ethanol industry and found that it contributes as much as $1.2 billion annually to the Canadian economy and accounts for more than 14,000 person-years of employment during construction and over 1,000 permanent jobs once plants are in operation.

“These findings substantiate our previous findings through our own independent research,” says Barry Senft, CEO of Grain Farmers of Ontario. “It’s very clear that the ethanol and biofuels industry is important to Canadian farmers and non-farmers alike on a myriad of levels including benefits to the environment and the economy.”

The report, Ethanol's Potential Contribution to Canada's Transportation Sector (http://www.conferenceboard.ca/documents.aspx?did=4511), is publicly available from the Conference Board's e-library (www.e-library.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.

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Grain Market Commentary for August 16, 2017

Wednesday, August 16, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.52  20 cents
Soybeans CBOT November 9.25  53 cents
Wheat CBOT September 4.20  44 cents
Wheat Minn. September 6.73  60 cents
Wheat Kansas September 4.20  24 cents
Chicago Oats September 2.60  10 cents
Canadian $ September 0.7898  0.15 points

Harvest 2017 prices as of the close, August 16 are as follows:
SWW @ $182.43/MT ($4.96/bu), HRW @ $189.46/MT ($5.16/bu),
HRS @ $254.49/MT ($6.93/bu), SRW @ $187.11/MT ($5.09/bu).

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Market Trends Report for August-September 2017

Monday, August 14, 2017

US and World

It has been an uneven growing season in much of the American corn belt. The Western corn belt has been dry especially in the Dakotas, while the mid south and Eastern corn belt were inundated with heavy rains earlier in the spring. The forecast in late July turned cooler and wetter for all of the American corn belt. This new forecast essentially changed much of the outlook for the American crop, but still many analysts were expecting lower August USDA numbers reflecting some of the earlier tough conditions for US corn and soybeans. Anticipation of the August 10th USDA report was filled with expectations of lower yield projections.

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On August 10th, the USDA lowered their projected corn yield estimate to 169.5 bushels per acre down from their earlier projection of 170.7 bushels per acre and less than last year's 174.6 bushels per acre. At the same time the USDA raised soybean yield expectations to 49.4 bushels per acre up from their 48 bushels per acre earlier estimate. This pegged 2017/18-soybean production at 4.4 billion bushels. Both of these USDA estimates rocked the grain market August 10th, as it was a big surprise. With so much uneven weather affecting this crop in the field a US corn yield of 165-166 bushels per acre was a general trade estimate. Futures prices plummeted on this very bearish report.

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