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Gus Ternoey's Blog – February 2012 Archive (3)

My OMAFRA troubles and my advice to avoid them

Its never nice to hear of someone facing problems, but its useful to take advantage of the opportunity to avoid them yourself.  My opinion of OMAFRA is greatly tainted, but I am open minded enough to realize most problems could have been avoided.  

At issue is the loss of the farm tax rebate which holds municipal tax rates to, well, basically the equivalent of where they alway were.  Without the rebate, taxes quadruple.  As it stands today, my issue is only with the 2012 tax year.  So…

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Added by Gus Ternoey on February 24, 2012 at 4:01pm — No Comments

The enemy to new farmers - OMAFRA

It has been a very busy couple of weeks.  Making headway on rebuilding my grain header, want to get that out of the way so I can start on the tractors and tillage equipment.  So although I was beginning to feel like I was making progress, in steps OMAFRA.  My farm doesn't qualify for the farm tax rate.  In the past, my father had recieved an exemption from the FBR system for religious reasons.  Having taken the decision to join the system rather than appose/avoid it, i opened up a can of…

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Added by Gus Ternoey on February 21, 2012 at 2:45pm — 1 Comment

The Farmer - A more global view

Thanks to the insistence of my wife, this past week was spent in the luxury of a Caribbean resort in Jamaica.  But credit to a day long excursion to an inland coffee plantation I returned home with more than a tan.  In our high quality of life society it is sometimes easy to overlook that we are the worlds wealthy and the vast majority of people in this world can only dream of the lifestyles Canada's lowest paid get to live.  The farmers I saw didn't get the option to own their land, or even…

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Added by Gus Ternoey on February 10, 2012 at 2:46pm — 1 Comment

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

Pulse Market Insight #300

Indian Monsoon Outcome Key for Pulse Outlooks We think it’s important to not react too quickly to weather events, and particularly forecasts. For example, the crop outlook in western Canada has already made a number of sharp U-turns, and it’s only mid-June. As we get further into the growing season, outcomes will become more certain and the outlook will become clearer. Even though we don’t want to bet too much on weather forecasts, there is a potential situation in India that certainly bears watching. Recently, the Indian Meteorology Department lowered its rain forecast for the southwest monsoon season to 90% of the long-term average, based on the potential for a large El Niño event. This was the lowest IMD monsoon forecast in at least 20 years. The actual monsoon performance doesn’t always line up with the IMD forecast, but the accuracy of its forecasts seems to be better in recent years. While there’s plenty of uncertainty in the forecast, it’s worth noting that back in 2014/15 an

Chicago Close: Lower Ahead of U.S. Juneteenth Holiday

Corn, wheat and soybean futures all finished lower on Thursday as traders adjusted positions ahead of the long U.S. holiday weekend. Chicago markets will be closed Friday for the Juneteenth federal holiday. Corn futures weakened despite generally supportive export news. The USDA confirmed private sales of 285,775 tonnes of corn to Mexico for delivery during the 2026/27 marketing year. Meanwhile, today’s weekly USDA export sales report showed about 1.16 million tonnes of old-crop corn and 519,035 tonnes of new-crop supplies. Old-crop sales were within trade expectations, while new-crop bookings fell short of the upper end of forecasts. July corn lost 3 ½ cents to $4.17 ½, and December dropped 4 ¾ cents to $4.44. A stronger U.S. dollar added pressure across the grain complex after the Federal Reserve’s policy meeting on Wednesday reinforced expectations for higher interest rates. A rising dollar makes U.S. agricultural commodities more expensive for overseas customers. Wheat futu

Saskatchewan Crop Conditions Slip but Still Strong

Saskatchewan crop conditions generally weakened through the first half of June but remain strong overall. Thursday’s crop report pegged the Saskatchewan canola crop at 76% good to excellent as of Monday, down 13 points from the province’s initial 2026 rating of 89% on June 1. Spring wheat was rated 82% good to excellent as of Monday, down from 90% on June 1. Durum slipped just 1 point to 89%, while winter wheat fell 6 points to 79%. Conditions also deteriorated for most feed grains. Oats declined 8 points to 80% good to excellent, and barley dropped 6 points to 83%. Among pulse and specialty crops, peas fell 6 points to 85% good to excellent, while chickpeas declined 3 points to 93%. Mustard dropped 4 points to 88%, and soybeans were down 6 points to 70%. Flax was unchanged at 87%, and lentils were down 9 points at 86%. Canaryseed was one of the few crops to improve, edging up 1 point to 88% good to excellent. Saskatchewan seeding advanced slowly over the past week, hitting

Fertilizer Canada supports Mercosur trade deal

Canadian policy must enhance potash competitiveness, the group said

Canadians pay $224 per year for supply management, a new report says

A think tank compared product prices in Canada with those in the U.S.

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