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Grain Farmers of Ontario denied appeal

GUELPH, ON (April 20, 2016) – Grain Farmers of Ontario is extremely disappointed by the decision of the Court of Appeal of Ontario, released today, which denies the request for appeal on the dismissal of the case surrounding the Ontario government’s seed treatment regulations.

“The decision is both frustrating and disheartening for myself, our farmer-members, and the grain industry,” says Mark Brock, Chair of Grain Farmers of Ontario. “While the result is not what we hoped for, the judgement acknowledged that farmer rights have been negatively affected by this regulation and that it does create legitimate hardships on grain farmers in this province.”

Grain Farmers of Ontario defended its farmer-members’ rights to the highest court possible within the province and the judgement recognizes that there is no legal remedy for regulatory decisions, such as this one, made by government.

The seed treatment regulation, and the precedent it sets for regulating farm inputs, has a significant and detrimental impact on agriculture in Ontario. While the Grain Farmers of Ontario Board of Directors will have further discussion regarding an appeal, it has decided to immediately engage BDO to conduct an audit of the impact of these regulations on Ontario’s grain farmers.

“To ensure the government truly understands how decisions like this impact our businesses, and with the goal of improving how agricultural policy is formed in the future, we are commissioning this audit and we will regularly inform the government of findings throughout this study,” says Brock. “This issue remains a top priority for Grain Farmers of Ontario and we will continue to engage government on this topic today and into the future.”

BDO is one of the leading accounting and advisory firms in Canada. Over the next three years, BDO will investigate the socio-economic consequences of these regulations, including the cost to farmers operating under this new regime and the cost to the future of food and fibre production in Canada.  The Conference Board of Canada conducted a study prior to the implementation of these regulations that estimated a loss of over $600 million if farmers were unable to access neonicotinoids and that some farmers would simply move away from farming. 

Grain Farmers of Ontario

Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 barley, corn, oat, 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:

Mark Brock, Chair - 519-274-3297; cropper01@hotmail.com

Meghan Burke, Communications – 226 820-6641; mburke@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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