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Farm innovation program needs renewal

GUELPH, ON (October 23, 2012) – Many projects funded through the Farm Innovation Program (FIP), a $12 million program that was part of Growing Forward, will be concluding over the next few weeks. Grain Farmers of Ontario is optimistic that a renewal of FIP will be considered in Growing Forward 2 because of the tremendous impact it has on Ontario agriculture.

To date, a total of $2.3 million has been allocated to corn, soybean and wheat projects through FIP and Grain Farmers of Ontario has used 100% of this allocation to fund a total of 29 projects. Some of the outcomes of the grain focused projects include the Corn Production Calculator, fact sheets about managing soybean cyst nematode (SCN), long term tillage and rotation trials, and a DNA barcode database of nearly 300 weeds of agriculture in Ontario.

The goal of FIP has been to increase the development, adaptation, assessment, and adoption of on-farm innovative technologies that help agricultural producers respond to changing demands.

“Each of our projects focused on real farm issues,” says Crosby Devitt, Manager of Market Development and Research at Grain Farmers of Ontario. “Through these projects new recommendations, or modifications to current production practices, have been developed that can significantly improve crop protection and yields for Ontario’s grain farmers.” 

Grain Farmers of Ontario is currently advocating for the renewal of FIP in Growing Forward 2. The funding is critical to continue conducting leading edge research dedicated to corn, soybean, and wheat production in our 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.

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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Market Trends Report for July-August 2017

Monday, July 24, 2017

It is a sizzling summer in the American heartland with North and South Dakota taking the brunt of a devastating drought, which has impacted spring wheat country. Temperatures across the American Midwest have been triple digit for much of July and it remains to be seen how this will impact corn and soybean crops in the United States. The 30-day forecast for the American Midwest is for a continuance of hot and dry weather.

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On July 12th the USDA weighed in with their latest estimates of US crop production. In the report the USDA increased US corn production at 14.255 billion bushels with the US national yield sustained at 170.7 bushels per acre. At the same time the USDA increased soybean production to 4.26 billion bushels. This was based on a five million bushel increase based on expected harvested area at 48 bushels/acre.

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