News

GRAIN FARMER INPUTS ESTIMATED OVER 1 BILLION DOLLARS

GUELPH, ON (May 25, 2016) – Farmers across the province have invested $1.25 billion on inputs for this season’s grain crops.

Ontario’s barley, corn, oat, soybean, and wheat farmers are actively working the fields this month to give their crops the best chance of success, to ultimately feed and fuel the province. It is estimated that farmers have committed about $1.25 billion to inputs, including seeds and seed treatments, fertilizers, and pesticides based on Statistics Canada’s March 2016 intentions of principal field crop areas for Ontario and the Ontario Ministry of Agriculture’s 2016 Field Crop Budget per-acre input costs.

planting in 2016

“Every year farmers invest significant financial resources in their crops,” says Mark Brock, Chair of Grain Farmers of Ontario. “At this time of year, our expenses are high and turning a profit at harvest is never a guarantee. It’s not uncommon for a farmer to spend several hundred thousand dollars just to get their crops started.”

Across the province, most regions are experiencing reasonable planting conditions, but warm weather is needed for germination of the spring crops. Farmers are anxious to see their crops emerge, as planted seeds are vulnerable to soil-borne insects. Grain farmers operate on small profit margins, so the financial risk of seed or crop loss is significant.

“There is a lot of risk, both environmental and financial, in grain farming,” says Brock. “Input costs are just one part of it – there are also labour costs, research and administration time, equipment maintenance and repairs, and a lot of personal energy spent on the land and crops.”

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 over 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

Maegan MacKimmie, Communications –  519 767-4137; mmackimmie@gfo.ca

Market Reports

Get Aggregated RSS

Market Trends Report for April-May 2017

Monday, April 24, 2017

US and World

It is that time. In the United States and to a very limited amount in Ontario planters are rolling across farm country. With the bearish tone set in the market coming off the March 31st USDA projected plantings report, there is much interest in just how many acres American farmers will plant in 2017. For the week ending April 16, 2017, American farmers had approximately 6% of the US corn crop planted compared to 12% last year. It is early yet and weather has not cooperated throughout the American Midwest. As we move ahead, those weather concerns will define the crop mix and ultimately market prices.

Listen to the podcast

Grain Market Commentary for April 19, 2017

Thursday, April 20, 2017

All of these reports include a weekly Ontario Wheat Market Commentary for the current season. Ontario Corn and Soybean Commentaries are also included; reflecting the overall Grain Farmers of Ontario perspective.


April 19, 2017

Commodity Period Price Weekly Movement
Corn CBOT May 3.62  04 cents
Soybeans CBOT May 9.50  02 cents
Wheat CBOT May 4.19  15 cents
Wheat Minn. May 5.37  10 cents
Wheat Kansas May 4.17  13 cents
Chicago Oats May 2.18  07 cents
Canadian $ June 0.7420  0.95 points

Stay in touch

Subscribe to the Bottom Line

Subscribe to The Bottom Line, the weekly newsletter that helps our members stay on top of all the news that affects their bottom line.

Read the latest issue (April 21, 2017)

Subscribe


Inside Grain Farmers of Ontario

New episodes every week.

Episode 42: Finance and Administration


Follow us

twitter   linkedin   youtube
sustainability
mobile apps