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New legislation to increase plant breeder's rights

GUELPH, ON (December 16, 2013) – A new Act has been introduced to improve Plant Breeders’ Rights in Canada.

Bill C-18, the Canadian Agricultural Growth Act, has been presented and given first reading in the House of Commons. The bill contains amendments to 8 difference pieces of legislation, including updates to Canada’s Plant Breeders’ Rights Act which will modernize the Act and harmonize it with the 1991 convention of the International Union for the Protection of New Plant Varieties (UPOV ’91).

The new act will give both public and private sector plant breeders the ability and confidence to continue to develop new seed varieties needed to improve yields and keep Canada competitive on the world market. The act will also encourage new product development and research.

“Our farmer-members need access to the best hybrids and seed varieties to continue to meet the changing demands of consumers,” says Henry Van Ankum, Chair at Grain Farmers of Ontario. “The new act will safeguard plant breeders’ work on developing new seeds needed to meet these demands and will encourage further research.”

UPOV ’91 also contains a clause which will allow farmers to save their own seed for their own farm operation when the variety is not covered by contract law.

The legislation was introduced by Canadian Minister of Agriculture and Agri-Food Gerry Ritz yesterday. According to Minister Ritz, the new bill will “deliver new tools and better services to help Canada’s farmers grow their businesses, and is designed to make it easier for industry to meet government requirements while also reducing administrative costs and improving program delivery efficiencies.”

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 August 16, 2017

Wednesday, August 16, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.52  20 cents
Soybeans CBOT November 9.25  53 cents
Wheat CBOT September 4.20  44 cents
Wheat Minn. September 6.73  60 cents
Wheat Kansas September 4.20  24 cents
Chicago Oats September 2.60  10 cents
Canadian $ September 0.7898  0.15 points

Harvest 2017 prices as of the close, August 16 are as follows:
SWW @ $182.43/MT ($4.96/bu), HRW @ $189.46/MT ($5.16/bu),
HRS @ $254.49/MT ($6.93/bu), SRW @ $187.11/MT ($5.09/bu).

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Market Trends Report for August-September 2017

Monday, August 14, 2017

US and World

It has been an uneven growing season in much of the American corn belt. The Western corn belt has been dry especially in the Dakotas, while the mid south and Eastern corn belt were inundated with heavy rains earlier in the spring. The forecast in late July turned cooler and wetter for all of the American corn belt. This new forecast essentially changed much of the outlook for the American crop, but still many analysts were expecting lower August USDA numbers reflecting some of the earlier tough conditions for US corn and soybeans. Anticipation of the August 10th USDA report was filled with expectations of lower yield projections.

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On August 10th, the USDA lowered their projected corn yield estimate to 169.5 bushels per acre down from their earlier projection of 170.7 bushels per acre and less than last year's 174.6 bushels per acre. At the same time the USDA raised soybean yield expectations to 49.4 bushels per acre up from their 48 bushels per acre earlier estimate. This pegged 2017/18-soybean production at 4.4 billion bushels. Both of these USDA estimates rocked the grain market August 10th, as it was a big surprise. With so much uneven weather affecting this crop in the field a US corn yield of 165-166 bushels per acre was a general trade estimate. Futures prices plummeted on this very bearish report.

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