CFO encourages new farmers in Ont.

Sep 01, 2020

The organization has a range of programs geared to help people get involved in chicken farming in the province

By Jackie Clark
Staff Writer
Farms.com

The application window is now open for folks interested in the New Entrant Chicken Farmer Program run by the Chicken Farmers of Ontario (CFO).

Successful applicants receive support from CFO in starting their chicken farm.

The program is open to “anybody who’s interested in (starting) a poultry farm,” Ed Benjamins, chair of CFO, told Farms.com.

Applicants must reside in Ontario and be Canadian citizens. The CFO gives priority to individuals without a previous connection to a supply-managed sector.

Farmers, representatives from financial institutions, and other stakeholders independent of CFO review the applications. Reviews consider the applicants’ eligibility, business plan, demonstrated need, knowledge, commitment, and other factors, Benjamins explained. Those third-party reviewers then submit recommendations to the CFO board.

In addition to helping successful applicants acquire quota, “our field staff go over the regulatory requirements and timeframes for submitting paperwork (with the new entrants) … to bring them up to speed,” Benjamins added. “We started this program in about 2012 and, since then, the program has welcomed 28 new family-run farms.”

The CFO leadership wants to encourage other people to “join what we think is a very successful business,” he said. The New Entrant Chicken Farmer Program is just one way the team at CFO supports folks in getting involved in the sector.

“We have some very unique, much smaller community and artisanal programs,” he added. “We have a suite of programs for new processing, new innovation. We’re definitely open for business. … We made that commitment as a board and it’s really important to us that we continue to do that.”

Interested parties can apply for the New Entrant Chicken Farmer Program until Oct. 30. Find more information and the application form here.

gpointstudio\iStock\Getty Images Plus photo

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!