A membership survey undertaken by Grain Farmers of Ontario reveals many are under considerable stress, mainly related to the COVID-19 pandemic and its impact on markets.
The survey highlights are that:
• 86 per cent expect their net income will be reduced this year.
• More than half are already experiencing a reduction in sales and another 24 per cent are experiencing cancellation or delays of existing contracts.
• One third are experiencing a cashflow crunch and another third expect cash flow issues in the near future.
• 55 per cent fear that they will not be able to cover their cost of production.
• 77 per cent want to see government support equivalent to the United States.
