Ontario budget positive for grain farmers

GUELPH, ON (May 2, 2013) – The Ontario government’s commitment to consult with stakeholders on a renewable diesel fuel mandate in the provincial budget announcement is a positive step forward for grain farmers in Ontario.

In the 2013 Ontario budget, the province commits to renewable fuels.  We welcome the consultation process to establish a provincial mandate for renewable diesel fuel before the biodiesel tax exemption is repealed on April 1, 2014. 

“A 2% mandate in the province of Ontario will create demand for 160 million litres of renewable diesel, which means a potential soybean usage of 680,000 tonnes,” says Henry Van Ankum, Chair of Grain Farmers of Ontario.

Other positive statements in the budget include a re-commitment to the provincial Risk Management Program and the development of the Ontario Corn-Fed Beef Risk Management Fund for greater price stability in the industry.

An additional initiative that will have a positive impact on the agricultural industry is the local food bill that, if passed, will invest $30 million in local food projects over three years.

“Our organization looks forward to working closely with government over the next few months to develop biofuel policy that benefits the province and our members,” says Van Ankum.  “We will also work with government to ensure new and existing provincial programs continue to deliver value to Ontario’s grain farmers.”

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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