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Seed Treatment Regulations Economic Impact Assessment: Year 1 Questionnaire

GUELPH, ON (December 2, 2016) – Grain Farmers of Ontario is seeking participants for a three-year study on the economic impact of new regulations for neonicotinoid seed treatments in Ontario. The study will be conducted by the advisory firm BDO.

On July 1, 2015, new regulatory requirements for the sale and use of neonicotinoid-treated seeds came into effect in Ontario and will be phased in over a period of time. In denying Grain Farmers of Ontario's request for appeal, the Ontario Superior Court acknowledged that the new regulations would create financial hardship for grain farmers and produce a detrimental economic impact for Ontario's agricultural economy.

This study will assess the economic impact of the new seed treatment regulations by surveying Ontario grain farmers over three years. The survey of farmers will be the primary method of data collection. Engaging a significant number of participants is essential to secure the information needed to assess the impact of the new regulations on Ontario's agricultural economy.

Participants must be soybean or corn farmers in Ontario. For the purposes of this survey, a calendar year begins on January 1 and ends on December 31. In addition to this survey, participants agree to complete a similar survey on their farming practices, production, and costs at the end of each growing season in 2017 and 2018. Participants may be contacted if their responses are incomplete or require clarification. Take the questionnaire now.

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Weekly Commentary

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Grain Market Commentary for October 12, 2017

Thursday, October 12, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.49  06 cents
Soybeans CBOT November 9.92  34 cents
Wheat CBOT December 4.30  12 cents
Wheat Minn. December 6.12  02 cents
Wheat Kansas December 4.26  10 cents
Chicago Oats December 2.62  16 cents
Canadian $ December 0.8030  0.15 points

Harvest 2017 prices as of the close, October 12 are as follows: SWW @ $183.52/MT ($4.99/bu), HRW @ $192.67/MT ($5.24/bu), HRS @ $238.89/MT ($6.50/bu), SRW @ $188.09/MT ($5.12/bu).

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Market Trends Report for October-November 2017

Monday, October 16, 2017

It is that time of year again when combines are rolling. However, uneven weather in parts of the American corn belt and Ontario has delayed harvest. There is nothing particularly unusual about this as we have it every year. US crops are huge coming off the fields and the market will certainly be making further adjustments. The final determinant on yield will come in the January USDA report. However, the October USDA report released October 12th helped to re-focus the trajectory of grain prices as we head into the end of the 2017.

In the October 12th report USDA increased US national corn yield to 171.8 bushels per acre, an increase of 1.9 bushels per acre over their September estimate. This put 2017/2018-corn production at 14.28 billion bushels on the high-end of pre-report estimates. The USDA also pegged corn-ending stocks at 2.34 billion bushels, which was up 5 million bushels from their September estimate. This number was a bit of a surprise especially with which dry weather throughout the American Midwest the summer.

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USDA estimated soybean production to be at 4.431 billion bushels, which was a decrease from their September estimate. This was based on a .4 bushel/acre cut in US national yield down to 49.5 bushels per acre. However, the US soybean harvested acreage is at a record high of 89.5 million acres, which was up 1% from the USDA September estimate. The US domestic soybean ending stocks were also pegged at 430 million bushels, which was down 45 million bushels from their September estimate. This was generally looked at as bullish on report day and soybeans responded by going up $.26 a bushel. US domestic wheat stocks were set at 960 million bushels, which was 27 million bushels higher than their September estimate.

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