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Increased funding for non-BRM positive for Ontario's Gran Farmers

GUELPH, ON (September 20, 2012) – The 50 percent increase to non-business risk management program funding announced by Minister of Agriculture, Gerry Ritz, is good news for Ontario’s grain farmers.  Grain Farmers of Ontario has some key opportunities for the next policy framework and the increase to funding will be required to meet our goals.

With innovation, competitiveness and market development as the overarching themes in Growing Forward 2, there are a number of opportunities in Ontario to address them.  These include investments in Ontario grain farming through science programs like the Farm Innovation Program (FIP), the Developing Innovative Agri Products (DIAP) program and the Science Clusters and market development programs like the Environmental Farm Plan and the Agri-Tech Commercialization Centre.

“Our board has set the bar high – to drive the Ontario grain industry to become a global leader,” says chair, Henry Van Ankum.  “Our members are well positioned for success but we can only achieve our goals through collaboration with government and industry.”

There are three federal programs that will be extremely important to the competitiveness of Grain Farmers of Ontario members in Growing Forward 2 – the FIP, the DIAP program and the Science Clusters.

Grain Farmers of Ontario is also supportive of the work the federal and provincial governments have been doing to encourage market growth domestically and internationally through examples like biofuels mandates and free trade negotiations with strategic countries around the world.

“As the details of the non-BRM programs in Growing Forward 2 are worked through in the next couple of months, this is a critical time for GFO to be working with government to communicate our farmers’ needs,” says Barry Senft, CEO.  “Our priority is greater access to programs for Ontario’s grain farmers in order to attain the research and market development priorities that have been set by our members.”

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.

Contact:

Barry Senft, CEO - 1-800-265-0550; bsenft@gfo.ca

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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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