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: 77

▶ 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

Shic Global Disease Monitoring Report Renewed By Board

Since December 2017, more than 80 Global Swine Disease Monitoring Reports have been developed by a team at the University of Minnesota, now led by Dr. Maria Sol Perez Aguirreburualde. Funded by the Swine Health Information Center as part of its mission to identify emerging disease threats, the monthly reports are published in the SHIC newsletter and serve as a frequently accessed resource for the swine industry on the SHIC website. Reports are built with near real-time global surveillance of swine diseases for their content and rely on a network of global collaborators to expand and verify regional information. With renewal, the GSDMR will continue and expand in 2024 with a new online dashboard to display the global distribution of priority swine diseases in near real-time. The GSDMR uses a continually updated procedure of screening to identify and score swine disease related events that may represent a risk for the US swine industry and reports those results on a monthly basis. Both

4 Tips to Improve Sow Longevity Through Employee Training

Sow mortality continues to be a growing problem for U.S. swine producers. With already thin margins on sow farms, the ability to raise a gilt into a healthy third-parity sow is necessary to recoup the costs of her development. “Over the last handful of years, sow mortality has been excessive, but in 2023, it was particularly bad,” says Adam Gutierrez, senior account manager with Pharmgate Animal Health.  The latest MetaFarms reports show sow death loss in 2023 was at an all-time high at 15.3%. That’s up 1% from a year ago – a trend that continues to move in the wrong direction.  The trickiest part of sow mortality is that many factors contribute to it. Thankfully, through employee training, it’s easier to identify early illness and lameness. “Animal husbandry needs to be the No. 1 focus,” Brad Edkberg, business analyst at MetaFarms said in Sow Death Loss Reaches All-Time High in 2023: What Can Producers Do Now? “I think that's probably one of the lowest hanging fruits to improve so

New study highlights sustainability of Ontario fruits and vegetables

A new study shows that over the last two decades, Ontario’s fruit and vegetable growers have been widely adopting a range of practices that support sustainable local food production.

Ag in the House: April 15 – 19

Farmers are asked to fill pantries, but Bill C-234 prevents them from doing so, one Conservative MP told the House

Squeal on Pigs Manitoba Confident Feral Pigs will be Eliminated from Manitoba’s Landscape

The Coordinator of Squeal on Pigs Manitoba is confident the province's feral pig population will ultimately be eliminated.

© 2024   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service