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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 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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