Farms.com Home   News

Ontario declares provincial food terminal protected employment zone

TORONTO - The Ontario Food Terminal located in west-end Toronto has been declared a protected employment zone, which prevents it from being relocated.
 
Municipal Affairs Minister Steve Clark says the province made the decision to protect the estimated 100,000 jobs that depend on the terminal.
 
The province launched a review of the terminal earlier this year, sparking fears the facility could be moved to make way for residential development.
 
Agriculture Minister Ernie Hardeman announced in July that the terminal would remain in its current location.
 
The Ontario Food Terminal was established in 1954 to help farmers in the province get their produce to market.
 
It has since become the largest wholesale produce market in the country, also serving Eastern Canada and some northern states south of the border.
Source : FCC

Trending Video

Grain Market Outlook Price Prospects for 2024

Video: Grain Market Outlook Price Prospects for 2024

Joe Janzen and Scott Irwin of the University of Illinois provided an in-depth analysis of the grain market outlook for 2024, including price forecasts, global supply and demand trends, and marketing implications for corn and soybean producers.

Key topics covered:

Review of 2023/24 USDA February WASDE report results Old and new crop corn and soybean balance sheet forecasts Export sales pace comparisons to previous years South American soybean production estimates Impact of input costs and interest rates on marketing Benchmarking farm-level marketing performance As grain prices face downward pressure in 2024, the presenters emphasized the importance of having an active marketing plan in place, rather than a 'store and ignore' approach. They provided insight into strategies for forward contracting, making new crop sales, and capturing opportunities in a volatile market environment.

Overall, an excellent webinar reviewing the latest market analysis and offering actionable strategies for crop producers facing a more challenging economic climate this year.