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: 116

▶ 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

New USask poultry laying facility receives $6.2 million CFI funding boost

As a leading poultry researcher at the University of Saskatchewan (USask), Schwean-Lardner explores improved light, housing, and feed systems for better welfare, healthier chicken, and egg production in Canada — and she’s not afraid to feed the wild chickens she meets on holiday in Hawaii.  And nobody is more excited than Schwean-Lardner about what a new state-of-the-art poultry laying facility at USask would mean for her research field — and her birds.  “This will move us so far forward in poultry research,” she said. “This is causing me to push back my retirement because I want the first experiment in a system like this. This is so exciting.”  A proposed, cutting-edge poultry laying facility has received more than $6.2 million from the Canada Foundation for Innovation (CFI) Innovation Fund, which supports developing infrastructure to further world-leading research in Canada. In addition, $3 million has been contributed to the new facility by Saskatchewan Egg Producers, an independ

Korey Peters, sunflower crop committee

Korey Peters farms near Randolph, MB, with his family at Herbsigwil Farms. Herb is his grandpa, Sig is his uncle and Will is his dad. Korey is a third-generation farmer, and the fourth generation is already on the farm full-time. Herbsigwil Farms grows wheat, canola, soybeans, corn and sunflowers. Korey lives on the farm with his wife and their two children, who enjoy spending lots of time in the yard. What motivated you to get into farming? I was always working on the farm in the summers. I came back full time in 2011 when my uncle had slowed down a little, and I just never left. What motivated you to get involved with Manitoba Crop Alliance (MCA)? We started growing sunflowers when we were looking to add another crop in our rotation, and someone I know approached me because MCA was looking for committee members after some delegates had termed out. We chatted about it. It’s not a huge time commitment to be on a crop committee. I had been on a few boards not related to ag, so I h

More Control, Less Rush: Using Cash Advances to Strengthen Marketing Decisions

Farming is one of the most capital-intensive businesses in Canada. Seed, fuel, fertilizer and land costs go out months before crop revenue comes in. And while yields and markets can fluctuate, input costs are constant and high. That’s why cash flow strategy matters as much as production strategy. In the final presentation of our Roots to Results Webinar Series, Manitoba Crop Alliance (MCA) COO Darcelle Graham shared how an Advance Payments Program (APP) cash advance from MCA can serve as a practical, flexible tool to strengthen marketing power and reduce borrowing costs. Turn Cash Flow Pressure into Marketing Power The APP provides access to capital based on up to 50 per cent of your anticipated or stored production value. That means you don’t have to sell grain just to cover spring bills. Implementation Map out your 12- to 18-month cash flow needs. If input or rent payments are driving early sales, consider whether an advance could bridge the gap and let you market when prices im

Ag in the House: March 9 – 13

Conservatives continued their attacks on Liberal policies and the domino effects they have on farmers and food

Discover the future of leafy green farming with GoodLeaf’s Good For Life Tour

This spring, leafy greens are getting the pop-star treatment as GoodLeaf Farms and Sobeys Inc. take them on a mobile truck tour across Ontario and Atlantic Canada. The Good For Life Tour, made possible by the partnership between GoodLeaf Farms and Sobeys, will offer Canadians a unique opportunity to learn about vertical farming while sampling GoodLeaf greens. GoodLeaf Farms is proudly Canadian, and they are the country’s first and largest commercial indoor vertical farm operator. It launched in 2011 with the goal of improving Canadians’ access to fresh, locally grown produce, particularly during harsh winter months when traditional field farming isn’t possible. The company has farms across Canada to grow fresh local produce and to maximize freshness from farm to shelf. Article content How vertical farming works  Article content Vertical farming involves tall towers of stacked trays that use controlled air, light and water to provide nutrients in a controlled environment. This techniq

© 2026   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service