News

Business risk management reform proposed at FPT meeting

Press release

GUELPH, ON (May 11, 2017) – Grain Farmers of Ontario commends Minister Leal for shining a spotlight on the need for comprehensive reform of business risk management programs for farmers.

A Federal-Provincial-Territorial meeting of Ministers responsible for agriculture was held yesterday in Ottawa to discuss the next agricultural policy framework. At this meeting, Minister Leal proposed a review of business risk management programs. He also noted that Ministers have asked officials to continue to work on a path forward that would address business risk management and other aspects of the agricultural policy framework as part of an overall package that will be presented at their July Annual Conference.

"We commend Minister Leal for his leadership in addressing the need for a rebuild of business risk management programming," says Mark Brock, Chair of Grain Farmers of Ontario. "Our members appreciate the effort and collaboration involved to bring this important issue to the forefront of national discussions. Not only did Minister Leal represent Ontario farmers, but he spoke for all Canadian farmers today and we urge other provincial Ministers to join and support him."

Grain Farmers of Ontario is pleased to see continued momentum towards reforming these programs. Good risk management programming ensures farmers have the confidence and security to continue producing high quality crops for our country, investing back into their farms and their land, and innovating to improve farming practices for the future.

"Managing risk is an ongoing and critical aspect of farming," notes Brock. "Yesterday's discussion was timely as the recent flooding events across Ontario are a strong reminder of the unpredictability that farmers work with each year."

Grain Farmers of Ontario, along with Canada's AgGrowth Coalition, will continue to drive the importance of this issue at both the provincial and national levels.

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 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

Meghan Burke, Communications – 519 767-2773; mburke@gfo.ca

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 (June 16, 2017)

Subscribe


Inside Grain Farmers of Ontario

New episodes every week.

Episode 49: Communications


Follow us

twitter   linkedin   youtube

Weekly Commentary

Get Aggregated RSS

Grain Market Commentary for May 31, 2017

Wednesday, May 31, 2017

May 31, 2017

Commodity Period Price Weekly Movement
Corn CBOT July 3.71  01 cents
Soybeans CBOT July 9.26  22 cents
Wheat CBOT July 4.30  02 cents
Wheat Minn. July 5.72  11 cents
Wheat Kansas July 4.31  01 cents
Chicago Oats July 2.48  10 cents
Canadian $ June 0.7402  0.45 points

Harvest 2017 crop cash prices as of close on May 31, 2017
SWW @ $198.22/MT ($5.39/bu), HRW @ $198.22/MT ($5.39/bu),
HRS @ $233.70/MT ($6.36/bu), SRW @ $198.22/MT ($5.39/bu).

Read more

Market Trends

Get Aggregated RSS

Market Trends Report for June-July 2017

Monday, June 12, 2017

It is a critical time of the year for grain markets. Across the US corn belt as well as Ontario, farmers have been planting since mid April. It continues. As of May 28th 91% of US corn has been planted and 67% of US soybeans. There are wide variations on this theme as the Eastern and Southern corn belt has seen more of its share of wet weather causing many planting delays. As we move into late June it is a time where the US crop is setting up to be made and marketing decisions for that crop are accentuated by market volatility. The June 9th USDA report gave us another indication of the supply of grain in the US and around the world.

Listen to the podcast

Read more

sustainability
mobile apps