Grain Farmers of Ontario To Wind Down Wheat Pool and Wheat Contract Programs
Guelph, ON – December 01, 2020 – Grain Farmers of Ontario, the province’s largest commodity organization, representing Ontario’s 28,000 barley, corn, oat, soybean and wheat farmers today announced that it has made the decision to stop offering its Wheat Pool and Forward Contract wheat marketing programs after the 2020 crop marketing year.
The Grain Farmers of Ontario Wheat Pool and Forward Contract programs were created by the Ontario Wheat Producers’ Marketing Board when there was a single desk marketing system and fewer ways to market wheat in Ontario. Over the last decade the market for wheat has evolved, and farmer-member engagement in these programs has declined.
“The Grain Farmers of Ontario board of directors made this decision after several years of gathering feedback from our farmer-members and watching the trends in wheat marketing. It became increasingly clear that our farmer-members are successfully marketing their wheat on their own through other wheat buyers,” said Markus Haerle, Grain Farmers of Ontario.
The 2020 crop Wheat Pool and contracts will continue to be marketed without any changes and Grain Famers of Ontario will work individually with any farmer-member who has forward contracts. Grain Famers of Ontario will continue to provide daily price reports and bids and run the SellSmart app for market information, to work with the SGS Grains Analytical Lab to provide credible quality data and enhanced customer confidence, and actively promote Ontario wheat to domestic and international markets. For further information, please visit our FAQ here.
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 over 6 million acres of farm land across the province, generate over $4.1 billion in production value, result in over $18 billion in economic output and are responsible for over 75,000 jobs in the province.
Victoria Berry, Communications