CFFO Highlight Key Changes in Growing Forward 2

Jun 14, 2013

CFFO Highlight Key Changes in Growing Forward 2

Christian Farmers Federation of Ontario Discusses Ag Policy Changes in Weekly Commentary

The Christian Farmers Federation of Ontario (CFFO) said that farmers should make note of some important changes of the non-business risk management component of Growing Forward 2 (GF2), a policy framework for Canada’s agricultural sector. In CFFO’s weekly commentary, it says that while GF2 includes programs that farmers are familiar with, there are also some notable changes as well.

The following are some of the main changes:

• The days of being first in line for funding are over. The shift has moved to a merit-based approach, which will examine groups of projects, which will be one of the deciding factors to determine if a project will receive funding.
• Taking workshops to qualify for funding will no longer be required. However, farmers who have completed one within the last five years will receive higher priority in the evaluation process of a proposal.
• Capping of funding support is changing from limiting funding on a project to a new calculation limit on financial support based on the total support throughout the entire programming over 5-years.
• There are new limits on how much can be given to capital improvements, which aims to provide flexibility to where a farm business can make improvements over time. Farmers wishing to apply for this will have to provide a strong case for the benefits of these improvements.

CFFO praises the non-business risk management side of Growing Forward 2, saying that a merit-based approach is a positive change.

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!

Minister Ritz Recaps on Agricultural Trade Trip to China

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