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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consultation process to establish a provincial mandate for renewable diesel fuel before the biodiesel tax exemption is repealed on April 1, 2014.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.

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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