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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 July 19, 2017

Wednesday, July 19, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.82  03 cents
Soybeans CBOT November 10.12  25 cents
Wheat CBOT September 5.03  32 cents
Wheat Minn. September 7.75  06 cents
Wheat Kansas September 5.00  44 cents
Chicago Oats September 2.93  11 cents
Canadian $ September 0.7950  1.00 points

Harvest 2017 prices as of the close, July 19 are as follows:
SWW @ $218.72/MT ($5.95/bu), HRW @ $218.72/MT ($5.95/bu),
HRS @ $289.01/MT ($7.87/bu), SRW @ $217.90/MT ($5.93/bu).

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Special Post June 30 USDA Market Trends Report

Tuesday, July 04, 2017

US and the World

It can be an explosive time in the grain markets. Across the greater US corn belt corn, soybeans and wheat are showing great variability as we head into July. Historically, the July 4th weekend has always served as a market flashpoint as crops start to develop quickly and summer weather makes its impact. The June 30th USDA planted acreage estimates and quarterly stocks report also impact the market at this critical time. In 2017, we are here again and once again the USDA did provide some surprises for market action.

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In their June 30th USDA report many market observers were musing that US soybean acres may overtake US corn acres planted. However, that was not the case as USDA predicted US corn planting at 90.89 million acres and US soybean planting coming in at 89.51 million acres. US corn acreage is down 3.11 million acres from last year. The US soybean acreage was approximately 440,000 acres below pre report estimates, but still 7% higher than last year. All wheat acreage came in at approximately 45.66 million acres, which was the lowest since the USDA began keeping records in 1919.

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