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Grains Innovation Fund accepting applications

Press release

GUELPH, ON (September 21, 2017) – Grain Farmers of Ontario is now accepting applications for the Grains Innovation Fund to support new and expanded markets for Ontario barley, corn, oats, soybeans, and wheat.

“Since the organizations’ inception, Grain Farmers of Ontario has dedicated resources to supporting novel, new, and increased utilization of our crops,” says Mackellar. “The Grains Innovation Fund was officially launched in 2010 and we have supported over 35 projects to date and provided over $900,000 in funding.”

Projects that satisfy the eligibility criteria for the Grains Innovation Fund can receive up to 60% of the cost of the project, up to a maximum of $50,000. Eligible projects must open new markets for Ontario grains, expand the use and demand for Ontario grains, promote Ontario grains as the best choice, identity preserve varieties for novel uses, and/or increase the value (premiums) or Ontario grains.

“The Market Development Committee, comprised of Grain Farmers of Ontario directors and farmer-members, considers and reviews all applications,” says Mackellar. “We look forward to seeing what new initiatives and growth opportunities we can support in the coming year.”

Applications for the Grains Innovation Fund must be submitted by November 6, 2017. Information about the fund and the application process is available at www.gfo.ca/market-development or by contacting Justin Shepherd, Market Development Coordinator at jshepherd@gfo.ca or 1-800-265-0550.

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:

Nicole Mackellar, Manager, Market Development – 519 767-4124; nmackellar@gfo.ca

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

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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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