Ontario Agriculture

The network for agriculture in Ontario, Canada


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: 97

Reply to This

Replies to This Discussion

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

What Separates the Top-Tier Pork Producers from the Rest?

Some would say the pork industry is on the other side of the biggest financial downturn the industry has seen for the last 30 years. Others say we are not quite there yet. In a Farm Credit peer benchmarking review, Chris Ford, vice president corporate swine lender with Farm Credit, looked back over the past several years to see what differentiated pork operations that have done well and those that have struggled. 1. Production is king. “Producers who have adhered to strong biosecurity measures, embraced technology and have taken a mindset of getting as much production out the door as possible have had as much success as anybody in this industry,” Ford says. 2. Good bookkeeping matters. “Those who have done a nice job with financial acumen and understanding where they’re at from a financial standpoint have survived this downturn,” Ford says. “As a lender, we see that every day. Those producers that keep good sets of books and understand their cost of production make the best decisions

3rd Annual BBQ & Brew at the Ballpark Raises $20,000 for Iowa Food Banks

Hundreds of Iowans gathered at Principal Park on June 21 for the third annual BBQ & Brew at the Ballpark, raising more than $20,000 to support food banks across the state. The family-friendly event was presented by the Iowa Pork Producers Association (IPPA) in partnership with the Iowa Cubs and Fareway Stores. “Events like BBQ & Brew show how strong our communities are when we come together for a common cause,” said Doug Gruver, IPPA board member and two-time event volunteer. “Giving back is at the heart of what we do as pork producers. Whether it’s raising food or raising funds, we’re proud to serve Iowans beyond the farm. This event is also a great opportunity to showcase the high-quality product we raise in Iowa and the incredible BBQ talent and passion of the teams who compete.” This year’s event featured 24 backyard barbecue teams competing for $12,000 in prize money across three pork categories: loin, ribs, and butt. Fareway Stores played a critical role in making the event pos

Ontario pasture lands get $5M boost

Canada and Ontario are investing $5M to improve community pastures, boost sustainability, support cattle farmers, and enhance soil health through the Sustainable Canadian Agricultural Partnership.

Soy Canada annual meeting emphasizes opportunity and innovation amid industry challenges

Soy Canada’s annual meeting focussed on solutions that position Canadian soy for success during industry presentations and discussions at this year’s event. The theme, Gather and Grow, challenged participants to focus on finding opportunities amid global challenges created by conflict, uncertainty and volatility.

Canada’s dairy, poultry and egg farmers welcome the passage of Bill C-202

 Canada’s dairy, poultry and egg farmers welcome any effort aimed at ensuring no further supply managed concessions are made in trade negotiations, such as Bill C-202, An Act to amend the Department of Foreign Affairs

© 2025   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service