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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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Grain Market Commentary for February 21, 2018

Wednesday, February 21, 2018

Grain Farmers of Ontario farmer-members are invited to attend two full-day marketing seminars on grain marketing: Intro to Futures & Options, as well as the more advanced Options & Technical Analysis.

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Commodity Period Price Weekly Movement
Corn CBOT March 3.65 ↑ 01 cents
Soybeans CBOT March 10.33 ↑ 14 cents
Wheat CBOT March 4.48 ↓ 06 cents
Wheat Minn. March 6.01 ↑ 01 cents
Wheat Kansas March 4.66 ↓ 09 cents
Chicago Oats March 2.59 ↓ 08 cents
Canadian $ March 0.7890 ↓ 1.03 points

Cash Grain prices as of the close, February 21, are as follows: SWW @ $205.96 ($5.61/bu), HRW @ $203.63/MT ($5.54/bu), HRS @ $231.13/MT ($6.29/bu), SRW @ $201.30/MT ($5.48/bu).

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Market Trends Report for February-March 2018

Monday, February 12, 2018

The winter season in North America is often one of hopes and dreams. With the January 2018 USDA report a month old the scope of the 2017 crop is now becoming a memory. Farmers have turned the page and will soon be planting corn in places like Texas. However, in the southern hemisphere corn and soybean crops are growing in the field and affecting prices every day. While the northern hemisphere freezes under the snow, weather in Argentina and Brazil has been defining the initial grain fundamentals for 2018.

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On February 8th, the USDA released its latest World Supply and Demand Estimates. (WASDE) The USDA lowered US corn ending stocks to 2.352 billion bushels down 125 million bushels from last month. This was totally related to an increase in US corn exports by the same amount. This was attributed to a weakened US dollar and reduction in both Argentinian and Ukrainian corn exports. Hot weather in Argentina had USDA lowering their corn production 2.8 MMT to 39 MMT. USDA maintained Brazil corn production of 95 MMT.

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