George Morris Center to Disband, Transfer Assets Back to U of G

Jun 20, 2014

Canada’s only independent agricultural think-tank, the George Morris Centre (GMC), based in Guelph, Ont., announced that it will be moving to dissolve the organization within the year, and transfer its net assets as a gift to the Ontario Agricultural College (OAC), which is part of the University of Guelph.

Prior to 1998, GMC operated as a stand-alone unit at the University of Guelph for about 10 years. The centre began with the late George Fletcher Morris, a beef and cash crop farmer from Merlin, Ontario. Morris was a highly respected leader in the agricultural industry. He played a pivotal role in working with the University of Guelph to create an organization that would focus on supporting agriculture policy analyses and research.

The 15-year think-tank encouraged research and policy discussion on agri-food issues. GMC would regularly publish research and market reports. Its research focused primarily on five key research areas: agribusiness intelligence, economics of agri-food policy, economics of food, health and sustainability, market analysis and value chain management.

"We are proud of the reputation and the provocative discussion that has been created over the years by a succession of dedicated GMC team members,” Bob Funk, board chair of GMC said in a release.

GMC operated under the direction of a board of directors (nine members) from across the country, representing the provinces of Ontario, Alberta, Saskatchewan and Manitoba.

According to GMC, a transition team is in place to oversee the changeover back to the OAC at the University of Guelph.

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!