Ontario Agriculture

The network for agriculture in Ontario, Canada

Corn: What now?

Now that the corn price has gone over $5 what does everyone think it will do now?

 

It would be nice to see it continue to go up. Any thoughts of another recession bring the price back down.

 

 

Michael

Views: 137

▶ Reply to This

Replies to This Discussion

Permalink Reply by OntAG Admin on September 18, 2010 at 5:48am
Permalink Reply by Joann on September 28, 2010 at 8:24am
By all accounts, the financial situation to the south of us appear to have the hallmarks of another recession as you suggest Michael. As our federal minister of finance, Mr. Flaherty has announced the recession of 08 ended, I can well imagine the looming American financial difficulties will inspire new verbiage for the approaching recession..... but the price of commodities???

There has been some interesting discussions concerning the price of commodities... and as we all know... the price in Chicago does not always translate in the same way to the farmer.

The UN Special Rapporteur on food, Mr. Olivier De Schutter, released a report recently called the Food Commodities Speculation and Food Price Crises.

Mr. De Schutter writes: '[Beginning in ]2001, food commodities derivatives markets, and commodities indexes began to see an influx of non-traditional investors,; De Schutter writes. 'The reason for this was because other markets dried up one by one: the dotcoms vanished at the end of 2001, the stock market soon after, and the US housing market in August 2007. As each bubble burst, these large institutional investors moved into other markets, each traditionally considered more stable than the last. Strong similarities can be seen between the price behaviour of food commodities and other refuge values, such as gold.'

Further stating: 'A significant contributory cause of the price spike [has been] speculation by institutional investors who did not have any expertise or interest in agricultural commodities, and who invested in commodities index funds or in order to hedge speculative bets.'
http://www.stwr.org/food-security-agriculture/food-commodities-spec...

Problem identified.

Now for the reactions: Engage the public

"An ActionAid report released last week revealed that hunger could be costing poor nations $450bn a year – more than 10 times the amount needed to halve hunger by 2015 and meet Millennium Development Goal One." http://www.guardian.co.uk/environment/2010/sep/24/food-crisis-un-em...

Solution: take Sovereignty away from individual nations for the ultimate solution of global food regulation.

Jacques Diouf, Director-General, UN Food and Agriculture Organization, called for "bolstered global governance system for world food security". He said, “We have to build a more coherent and effective system of governance for world food security; we have to correct the policies and international trade system that have resulted in more hunger and poverty." when responding to the 2008 food crisis (which many blamed on bio-fuels at the time)


Will the higher prices translate into more money for the farmers? I doubt it. There appears to be a movement afoot to control agricultural commodity prices under the guise of "food security" with enhanced trade.

If anything, food commodity prices will be globally harmonized... which will not bode well for Ontario farmers.

▶ Reply to Discussion

RSS

Agriculture Headlines from Farms.com Canada East News - click on title for full story

Bayer Seeks Tariffs on Glyphosate Imports

Bayer Seeks Tariffs on Glyphosate Imports, Sparking Farmer Concerns Over Rising Costs.

Quebec Biofood Sector Investment Gets a Boost

Canada is investing nearly $34 million to support innovation, jobs, and local food processing in Quebec’s biofood sector, strengthening supply chains and national food security goals.

New Swine Influenza Vaccine Technology Could Transform Hog Health Management

A breakthrough swine influenza vaccine platform could reduce disease severity, improve herd health, and help producers respond quickly to emerging virus strains.

Wheat midge – Overview

The wheat midge (Sitodiplosis mosellana) is found in most areas around the world wherever wheat is grown. In recent years, significant damage to wheat crops due to wheat midge has been reported in Alberta, Saskatchewan, Manitoba, southern British Columbia, Minnesota, North Dakota and Idaho. All wheat varieties are currently susceptible to wheat midge, but some are more seriously affected than others. Although the midge also attacks other members of the grass family, including barley, couch grass, intermediate wheat grass and rye, infestations on these plants are usually not serious enough to warrant control. Research and breeding for wheat midge resistant wheat varieties is underway at the Cereals Research Centre (Agriculture and Agri-Food Canada Winnipeg) and the Crop Development Centre (University of Saskatchewan).

5 ideas to help attract and keep the best employees

Good employees are hard to find – and keep. That’s why some farms are looking for creative solutions to help retain workers. Whether it’s by way of increased compensation, nurturing a family-friendly workplace or creating opportunities for career advancements, here are five ways to create a desirable workplace: 1. Non-monetary compensation Benefits on top of wages can be a necessity to attract workers to more remote, rural locations like farms. Such compensation can include access to housing and transportation to the job site. Jeff Warkentin, the chief operating officer and farm manager of Hebert Grain Ventures, lists additional incentives that the 40,000-acre grain and oilseed operation in southeast Saskatchewan provides: Pension benefits Additional benefits, such as health plans Bonus and profitability programs. Bonuses are paid out to employees who achieve targeted goals, while profitability bonuses are distributed in profitable years for the company. 2. Family affair Including

© 2026   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service