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Grain Farmers of Ontario's recommendations for smart growth

GUELPH, ON (May 14, 2014) – Grain Farmers of Ontario has developed five smart growth recommendations for candidates in the upcoming provincial election. These recommendations will sustain and grow the grain and oilseed industry in the province.

  1. Adequate funding for the business risk management program

  2. Investment in a specialized soybean refining facility in Southwestern Ontario

  3. Support for the Processor Retention and Investment Attraction Program (PRIAP)

  4. Sustainable solution to pollinator health and a commitment to a national science-based approach

  5. Continued public research investments in longer-term issues facing Ontario farmers so that we may remain competitive with our larger acreage competitors

Grain Farmers of Ontario looks forward to meeting all of the candidates for the 2014 Ontario provincial election and to having fulsome discussions about these priorities for smart growth.

“Grain Farmers of Ontario’s smart growth strategy is about growing connections with the processing sector, opening world markets, managing risks, and ensuring access to new innovations,” says Henry Van Ankum, Chair, Grain Farmers of Ontario. “A value chain effort, stakeholder commitment, and smart government investments are needed to achieve sustainable growth.”

Grain Farmers of Ontario will be hosting a series of Tractor Cab Telephone Town Halls. 

Our farmer-members want to be part of the election discussion; however, due to the late spring, many of them are still in the field planting.  To help facilitate our farmer-members’ involvement in this year’s Ontario election, we are inviting a representative from each party to attend one of our three Tractor Cab Telephone Town Halls.  

Details on how farmers can participate in the Tractor Cab Town Halls will be posted online at www.gfo.ca

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

Henry Van Ankum, Chair - 519-835-4200; henryvanankum@sympatico.ca

Meghan Burke, Communications – 519 767-2773; mburke@gfo.ca

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Grain Market Commentary for November 15, 2017

Thursday, November 16, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.38  10 cents
Soybeans CBOT January 9.75  15 cents
Wheat CBOT December 4.20  02 cents
Wheat Minn. December 6.25  11 cents
Wheat Kansas December 4.18  02 cents
Chicago Oats December 2.69  02 cents
Canadian $ December 0.7835  0.60 points

Cash grain prices as of the close, November 15 are as follows: SWW @ $182.95/MT ($4.98/bu), HRW @ $192.33/MT ($5.23/bu), HRS @ $251.44/MT ($6.84/bu), SRW @ $187.64/MT ($5.11/bu).

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Market Trends Report for November-December 2017

Monday, November 13, 2017

US and World

Harvest time is in full swing across United States and Ontario. There have been delays, but as usual, farmers in 2017 like they have many times before are finding ways to get the crop in the bin. Yield monitors flickering on social media have been a harbinger of big yields in the United States as one of the biggest crops in American history gets closer to the finish line. How big that crop has become has been a great subject of debate over the last several months.

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On November 9th USDA chimed in with their latest crop production report. In a surprise move, which shocked the market the USDA raised 2017/2018-corn production to 14.58 billion bushels. This was on a projected yield of 175.4 bushels per acre, which was up from its October estimate of 171.8 bushels per acre. This was outside any pre-report estimates on the high side and the market responded accordingly by falling seven cents on the day. If this yield comes to fruition, it will be the largest US domestic corn yield in history. US domestic corn stocks are projected to increase to 2.49 billion bushels, a very onerous figure headed into next year.

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