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: 99

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

UM Aggie Bedpush rolls across Manitoba to support rural health and wellness

The annual Aggie Bedpush is back this fall, continuing a beloved tradition of fundraising and community spirit led by students from the University of Manitoba’s Faculty of Agricultural and Food Sciences. From September 26 to 28, students will push their iconic burgundy bed through Manitoba towns, raising money for two meaningful causes: STARS (Shock Trauma Air Rescue Service) Foundation and the Manitoba Farmer Wellness Program Bedpush organizer Pyper Hollar explains the deep connection between these charities and the farming community. “Many Aggies live and or work in rural communities meaning that the nearest hospital can be at least an hour’s drive away. STARS is an Air Rescue service that can provide not only hospital transport when trouble arises, but has an incredible team of highly skilled professionals who can treat on the ground and in the air; STARS can be the difference between life and death for many Aggies out there,” she says. Mental health is another key concern. “Th

Tasters needed for bread acceptability research study

We are recruiting volunteers to participate in a Sensory Research Study in Food and Human Nutritional Sciences in the Faculty of Agricultural and Food Sciences. You would have the opportunity to take part in sensory research and learn methods related to the acceptability of food products. Details including the consent form and screening questionnaire are in the Information Package link below. Title: Acceptability of Bread with a Bioactive Ingredient Principal Investigator: Dr. Cristina Rosell (cristina.rosell@umanitoba.ca) Activity: Observe, smell and taste bread samples to determine degree of liking of appearance, aroma, flavor, texture and overall Eligibility: No allergies to foods or beverages, no sensitivity to gluten, 18 years of age or older, and no direct involvement or knowledge of the project Commitment: One Session about 20 minutes Session Options: September 23, 25, 26, October 1 and 2 every 30 minutes from 11:30 to 1:30 inclusive Where: Fourth Floor Human Ecology Buil

Saskatchewan harvest chugs along

There was good harvest progress over much of Saskatchewan last week—although there were rain delays in some areas. The weekly Saskatchewan Agriculture report says combining is 41 per cent complete—up from 23 per cent the previous week. The five-year average is 58 per cent and the ten-year average is 49 per cent. The southwest is 55 per cent combined and the southeast is at the halfway point. Plenty of progress made in the northwest last week, which is now at 41 per cent combined. East-central sits at 31 per cent with west-central and the northeast at 27 per cent combined. Peas are mostly in the bin with lentils at 84 per cent. Moving to the cereal crops—barley is 54 per cent combined, durum 49 per cent, while spring wheat and oats are 35 per cent harvested. Canola sits at 12 per cent combined and flax at three per cent. Volunteer crop reporters were asked to provide yield estimates—keeping in mind there can be large variations between fields due to scattered rainfall during the gro

“More positive than anticipated” is how Saskatchewan’s Premier terms meetings with Chinese government officials

Premier Scott Moe is crossing more time zones on Monday only two days after finishing a trade mission to China and Japan last week. Moe spoke to reporters at the Saskatoon airport prior to departing on a flight to the nation’s capital for additional meetings with Prime Minister Mark Carney and senior cabinet ministers. Moe and the Prime Minister’s parliamentary secretary Kody Blois met with officials within the Chinese Commerce Ministry—the body that is responsible for implementing import tariffs. It has placed very hefty preliminary tariffs on Canadian canola seed—as well as canola oil, canola meal, peas and pork. Those tariffs were seen as a response to Canadian tariffs on Chinese electric vehicles. That tariff was implemented at the request of the United States. It’s hoped the trade mission will begin a gradual process to improve relations between Canada and China.

Ontario’s most problematic weed -- Canada Fleabane Cuts Corn and Soybean Yields

Persistent Canada fleabane, now resistant to multiple herbicides, causes significant yield losses in Ontario corn and soybeans, demanding zero-tolerance management and adjusted herbicide programs.

© 2025   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service