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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 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

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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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