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Get ahead of the curve with the Grain Farm Management Program

AMI logoGrain farmers know about the ups and downs of commodity prices and how difficult they are to deal with. Wouldn’t it be great to be able to take advantage of those swings and put your operation on a firmer financial footing?

This year, the Grain Farm Management Program, offered by the Agri-food Management Institute (AMI), has been specifically designed to meet your needs.

Over the course of five sessions you will learn how to think more strategically, work with cyclical markets, use professional advisors to your best advantage and squeeze every penny out of your assets.

You will work with real-life financials from a case study grain farm, that gives you tools to take home and apply directly to your own farm financials. At the end of the course, you’ll even have a Management Action Plan - tailored to your own operation - that you can implement right away.

If your business is in transition, it’s a great chance to work with the next generation to make sure the operation’s future goes the way everyone wants it to go. And, if you’re developing your business, think about bringing your business partner with you to start creating your strategy for future growth.

The course consists of five sessions starting in November and ending in February in Ingersoll, Ontario, and Grain Farmers of Ontario will even subsidize your travel costs.

Additional information is available at www.advancedfarmmanagement.ca

Registering is easy. Just fill out the form on the website or email Deanna Hutton from the Agri-food Management Institute directly: deanna@takeanewapproach.ca

The Agri-food Management Institute is funded through Growing Forward 2, a federal-provincial-territorial initiative. 

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Weekly Commentary

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Grain Market Commentary for December 6, 2017

Wednesday, December 06, 2017

Commodity Period Price Weekly Movement
Corn CBOT March 3.52  01 cents
Soybeans CBOT January 10.03  10 cents
Wheat CBOT March 4.25  10 cents
Wheat Minn. March 6.14  09 cents
Wheat Kansas March 4.23  06 cents
Chicago Oats March 2.48  15 cents
Canadian $ December 0.7835  0.50 points

Cash Grain prices as of the close, December 6, are as follows: SWW @ $178.23/MT ($4.85/bu), HRW @ $187.61/MT ($5.11/bu), HRS @ $238.74/MT ($6.50/bu), SRW @ $182.92/MT ($4.98/bu).

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Market Trends

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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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