Overall, for 2017, GEC will handle close to 80,000 metric tonnes of mostly cereals and soybean crops. Toxin issues will not reduce the quality of the crop available for sale as barley, oats, milling or, feed wheat and, even corn this year. In terms of yield and quality, decent grower results were for the most part achieved consistently across the province. While more acres may have been diverted to soybeans, corn, or bio-fumigant crops. P.E.I. growers are showing interest in developing local malt varieties in addition to feed barley to supply a growing local craft beer market segment. P.E.I. remains a price taker. It is always a challenge to remain competitive in our markets especially as new buyers increase their activities to procure grain or develop alternative crops such as pulse crops. Corn production in P.E.I. is up with about 16000 acres being grown as high moisture, dry corn, and silage. Cereals need to compete against greater volumes of both local and imported corn. Provided quality is acceptable, the high corn yield potential is especially valued by growers. GEC in and of itself is not a major player in the corn market as significant management effort and infrastructure is required for GEC to handle the local soybean crop both domestically and for export. Adequate storage remains a critical issue.
With current interest in expansion of the regional beef industry and a stable hog price later in 2017, as well as steady demand overall from the livestock sector, feed ingredient demand for local products may be steady to increasing. Firm price conditions for cereals are expected to continue at current demand levels.
GEC has developed successful cereal and oilseed working relationships with agricultural businesses and farmers be they large or small. Whenever a commercial opportunity exists, GEC can supply appropriate quantities of grain and oilseed products at competitive prices. Through relationships established with the local transportation industry including a recent marine presence and, access to local harbor storage and the Halifax Elevator system, GEC has more than doubled its capacity in the last decade. GEC provides quality services to hundreds of producers and strives where possible to operate as a low cost operation and, on a strong commercial basis.
GEC has also strengthened its connectivity to national grain marketing & brokerage organizations. It supports the efforts of the regional Atlantic Grains Council by collecting a research levy and helping to design and implement plant breeding and agronomy projects. In order to take the pressure off the local feed market, GEC continues to search for new export volume based opportunities aimed at identifying profitable crop prospects. Crops such as malt barley are being examined and enhanced oat varieties into differentiated markets may offer future contract opportunities. As well, food safety and sustain ability standards are being evaluated to ensure continued market access. Growers are reminded that emerging opportunities for newer crops such as corn, and soybeans, barley or oats must meet stringent export standards. GEC customers should also realize that corn competes with soybeans for both space, and drying capacity at harvest. GEC staff are available to answer your marketing questions and can also provide information on risk management and future price prospects. The reader should contact the General Manager Neil Campbell or facilities supervisors Wade Waddell, Donald Stewart or Joe Vandenberghe for further information by accessing the “Contacts” section of this website.