GFM Network News


The cost of grain bins has risen $1 a bushel — a 25 per cent jump — in the last five years, says a provincial market analyst.

Do the math before adding more grain storage

Lots of bin space can help you wait out low prices at harvest, but the cost of storage is rising

Reading Time: 2 minutes Having more grain storage can be a big plus, but it’s not a slam dunk, says a market analyst with Alberta Agriculture and Forestry. “Farmers in Alberta along with growers in other Prairie provinces have more grain storage than most of their worldwide competitors,” said Ryan Furtas. “However, having storage capacity can be a marketing […] Read more

FBN cuts yearly membership fee to zero

Ag e-commerce firm offers free accounts to farmers

E-marketplace Farmers Business Network (FBN) has disposed of the annual membership fee that allowed members access to its various buying groups and services. California-based FBN, which has operated in the U.S. since 2014 and expanded to Canada in 2017, announced Tuesday (Sept. 15) its farmer members may now have “access to a select range of […] Read more


It doesn’t hurt to check, says grain commission

Only licensed grain companies are required to post security that ensures farmers are paid for deliveries

Reading Time: 2 minutes The Canadian Grain Commission is reminding producers that only licensed grain companies provide security that ensures farmers are paid when they deliver grain. “Do you know if the company you’re delivering to is licensed?” the commission asked in a recent tweet. A complete list can be found under ‘Licensed grain companies’ at the Canadian Grain […] Read more

“But if you don’t know enough to understand what’s going on in the markets, you could start trading in a way that’s not managing risk or capturing higher pricing,” says David Derwin of PI Financial.

Grain marketing plans come with a learning curve

Forward contracting is a good way to get started, and a solid plan is needed to lower risk

Reading Time: 2 minutes Marketing your grain and using your drone have more in common than you might think. “No one just buys a drone, flips the switch, and away it goes. You’ve got to figure out how it works and how it’s going to work for you,” said David Derwin, an investment adviser at PI Financial. “It’s the […] Read more


Mark Gibeau credits the success of his organic heritage grain business to the connections he’s built with bakers and chefs.

You can direct market grain, too — but it’s more complicated

Mark Gibeau sells flour to bakers and chefs while selling direct helped Steven Snider get started

Reading Time: 4 minutes Mark Gibeau wouldn’t be a farmer today if he couldn’t direct market his grains. “Having small acres in the big-boy system doesn’t work,” said the owner of Heritage Harvest near Strathmore. “We had to find something different right from the get-go.” Gibeau, who farms with his wife, began growing certified organic heritage grains on his […] Read more



Wheat storage a winner, says analyst

Winnipeg | CNS – As yields grow throughout North America and the physical size of the crop becomes larger, farmers who invest in storage bins now, stand to reap the rewards later. “Guys with space are winning,” said Kurt Ahrens, founder of Grainbot in Omaha, Nebraska. Speaking at the Grain World Conference in Winnipeg, he […] Read more

Do you pass on the chance to lock in a profit? Do you only deal with one elevator? Those are costly mistakes, market adviser Brian Voth told FarmTech attendees.

Adviser urges farmers to give up their sinful ways

Trying to hit the market peak, getting angry about mistakes, and putting off marketing chores 
are three of the seven ‘sins’ of selling your crop

Reading Time: 3 minutes While many grain growers came to FarmTech looking for insight on where markets may be headed in the coming year, Brian Voth challenged those attending his sessions with a different perspective on the game. Lured in by his title of ‘The Seven Deadly(ish) Sins of Grain Marketing,’ attendees soon found the Manitoba-based market adviser wasn’t […] Read more


Viterra results offset Glencore’s improved year-end

Commodity giant Glencore’s efforts to ratchet down its debts paid off in fiscal 2016 — though “challenges” weighed on the ledger for its Viterra grain handling arm. Swiss-based Glencore on Thursday released preliminary results for 2016, booking net income attributable to equity holders of $1.379 billion on $152.948 billion in revenues, up from an $8.114 […] Read more

You grew the crop… now make them pay

So you think you do a passable job of marketing. Not great, but not bad. These six steps let you shoot for more

Commodity marketing can be like dancing a two-step with work boots on. Your timing is often off, you’re dragging your feet, and you trip way too often. With volatility making our commodity markets more erratic, and with more information spewing out of our smartphones night and day, marketing is getting ever more complicated. Dancing with[...]
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