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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 June 21, 2017

Wednesday, June 21, 2017

June 21, 2017

Commodity Period Price Weekly Movement
Corn CBOT July 3.69  08 cents
Soybeans CBOT July 9.19  13 cents
Wheat CBOT July 4.65  22 cents
Wheat Minn. July 6.49  22 cents
Wheat Kansas July 4.68  11 cents
Chicago Oats July 2.59  04 cents
Canadian $ September 0.7525  0.25 points

Harvest 2017 prices as of the close, June 21 are as follows:

SWW @ $219.48/MT ($5.97/bu), HRW @ $217.05/MT ($5.91/bu),
HRS @ $267.34/MT ($7.28/bu), SRW @ $217.05/MT ($5.91/bu)

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Market Trends Report for June-July 2017

Monday, June 12, 2017

It is a critical time of the year for grain markets. Across the US corn belt as well as Ontario, farmers have been planting since mid April. It continues. As of May 28th 91% of US corn has been planted and 67% of US soybeans. There are wide variations on this theme as the Eastern and Southern corn belt has seen more of its share of wet weather causing many planting delays. As we move into late June it is a time where the US crop is setting up to be made and marketing decisions for that crop are accentuated by market volatility. The June 9th USDA report gave us another indication of the supply of grain in the US and around the world.

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