RMP in the budget but caps a concern for grain farmers

GUELPH, ON (March 28, 2012) – Grain Farmers of Ontario is pleased with the inclusion of the Risk Management Program in the budget, indicating the government’s ongoing commitment to the program, but more work will need to be done to ensure a program cap does not affect bankability, predictability and sustainability over the long term.

For the 2012 program year, our organization has been assured that the existing guidelines will remain in place and RMP will not be capped.  The details of the 2013 program year will be part of an ongoing discussion between government and Grain Farmers of Ontario to ensure the program continues to meet the insurance needs of grain farmers.

“The top priority of Grain Farmers of Ontario is to make sure the goals of the program and the needs of our farmer members are kept at the forefront of the discussions as we move forward,” says Henry Van Ankum, Chair.  “We are encouraged that the government is willing to work with us to build the framework of the 2013 program.”

Grain Farmers of Ontario understands the importance of managing spending in challenging fiscal times but our organization is concerned with the message this cap sends to one of the largest sectors in Ontario that is making a positive contribution to the growth of the provincial GDP. 

“Our hard working farmers are making such a significant contribution to the growth of the Ontario economy to overcome our province’s fiscal challenges,” says Van Ankum.  “Our objective in any future RMP discussions is to ensure we continue to have an insurance program in place to fall back on when our farmer members face challenging times.”

Grain Farmers of Ontario looks forward to more detail on the 2013 Risk Management Program and future discussions with Minister McMeekin on program guidelines.

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.


Barry Senft, CEO - 1-800-265-0550;

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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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