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Growing Forward 2 Programing Launched in Ontario

Growing Forward 2 Programing Launched in Ontario

By Amanda Brodhagen, Farms.com

Growing Forward 2 (GF2), an agricultural policy framework that operates in partnership with the federal and provincial government was officially launched April 1, but its programing portion for Ontario was only made available as of Wednesday, June 26.

GF2 project applications for funding are accessible for producers, processors and organizations. Organizations may apply immediately, while producers and processors will have to wait until fall to be qualified to submit an application.

“The new Growing Forward 2 programs will help Ontario’s agri-food industry continue to grow and innovate. By working together, we can make this strong industry even stronger,” said Kathleen Wynne, Ontario Premier and Minister of Agriculture and Food.

The federal and provincial governments’ joint investment amounts to $417-million for programming initiatives aimed at supporting innovation and market development opportunities. Producer risk management programs will continue under G2 policy framework.  

“Agriculture is a major contributor to a healthy economy in Ontario and across Canada. These Growing Forward 2 programs will ensure that Ontario farmers and food processors have the tools they need to remain competitive and innovative in new and existing markets,” said Gerry Ritz, Minister of Agriculture and Agri-Food Canada.
 


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Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz

Video: Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz


The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.