Grain analyst warns of leaner years ahead for Ontario growers
By Blair Andrews, QMI Agency
The next few years will be leaner when it comes to grain prices, a market analyst for an international feed and grain company warned Thursday at the Chatham-Kent Farm Show.
Bruce Trotter based his sobering outlook on a few factors, including lower growth expectations for China and the ethanol industry.
Trotter, who works in Blenheim as the managing director for the Canadian branch of Dutch-based Cefetra, said the era from 2006 to 2011 was a time of rising land prices and better crop margins driven by bio-fuel mandates and very high growth in China.
But the mandated growth in ethanol and bio-diesel is over, and he described the most recent years as an “ethanol hangover.” Read more