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Are you ready for what farming will look like in 2032?

GUELPH, ON (November 19, 2012) – Grain Farmers of Ontario wants our members’ opinion on four distinct future scenarios the agricultural industry could experience by the year 2032. By creating these four scenarios, Grain Farmers of Ontario hopes to better understand where farmers today see themselves in 20 years and determine how as an organization we can better position ourselves for success.

Peering two decades into the future requires radical thinking. Envision the year 2032 and agriculture in Ontario has experienced big changes. One possibility is for the first time in recent history the developed countries of the world, including Canada, are facing serious food shortages and many items we expect to be on our shelves are no longer there. How will farmers prepare for this potential new future?  Is it even plausible?

“These scenarios will assist Grain Farmers of Ontario with planning research investments, long-term crop management practices and predicting product quality expectations to maximize market returns for farmers,” says Barry Senft, CEO.  It will also provide a thought process for farmers to think about how they may need to start positioning their own farming operations for the future. 

Grain Farmers of Ontario, along with accounting and business advisory firm MNP, has created the scenarios that outline different possible futures along with what we estimate to be the most plausible outcomes. These scenarios for the future will fall under different categories or “drivers of change” identified by the board, staff and representatives from the industry – topics include: technology, the urban/rural relationship, immigration, global demand and the global economy, public expectations of sustainability and the environment, changing consumers wants and needs, public policy and regulations and innovation.

“Now it is our members’ turn,” says Senft.  “We have described the future under four different scenarios and are hoping each grain farmer in Ontario will take the time to tell us whether they are plausible and what each possible future will look like on their farms.”

Grain Farmers of Ontario appreciates farmer support and participation in filling out the survey. To access the survey visit, http://take-survey.com/mnp/GFOscenarioplanning.htm using the password “future” to complete the survey or phone the Grain Farmers of Ontario office at 1-800-265-0550 to request a copy be mailed to you.

Interim results will be discussed at the Grain Farmers of Ontario January district meetings where we also plan for further discussion and input.

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 January 17, 2018

Wednesday, January 17, 2018

Grain Farmers of Ontario farmer-members are invited to attend two full-day marketing seminars on grain marketing: Intro to Futures & Options, as well as the more advanced Options & Technical Analysis.

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Commodity Period Price Weekly Movement
Corn CBOT March 3.53  04 cents
Soybeans CBOT March 9.69  15 cents
Wheat CBOT March 4.21  13 cents
Wheat Minn. March 6.12  22 cents
Wheat Kansas March 4.27  13 cents
Chicago Oats March 2.54  09 cents
Canadian $ March 0.8060  0.80 points

Cash Grain prices as of the close, January 17, are as follows: SWW @ $176.58/MT ($4.81/bu), HRW @ $181.14/MT ($4.93/bu), HRS @ $231.22/MT ($6.29/bu), SRW @ $176.58/MT ($4.81/bu).

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Monday, January 15, 2018

US and World

Winter weather blows across North American farm country as another year has gone and we greet 2018. The 2017 growing season was very uneven across North America, but memories of that are fading. Grain prices have suffered under the specter of big crop numbers that have been projected by both the USDA and private analysts throughout 2017. The January USDA report is always the final report on the crop year that past. On January 12th the USDA released a plethora of crop numbers, which will define the grain marketplace for the coming year.

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On January 12th, the USDA increased 2017 US corn production to 14.6 billion bushels, on a harvested acreage of 82.7 million acres. The average yield was increased to 176.6 bushels per acre, which was 2 bushels above the 2016/17 crop. 2017/18 corn ending stocks were raised to 2.48 billion bushels. Total corn usage was actually reduced to 14.470 billion bushels, down from 14.485 last month. US exports are down and US ethanol corn usage was down from December. Corn stored on December 1 was 12.516 billion bushels, which was above trade expectations.

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