Farms.com Home   News

KAP President Frustrated Over Carbon Tax Decision

On Tuesday, Agriculture and Agri-Food (AAFC) Minister Marie-Claude Bibeau said that the carbon tax associated with grain drying was not significant enough to warrant any specific action.
 
Bill Campbell is president of Keystone Agricultural Producers (KAP).
 
"It's frustrating, after having gone through last year's harvest and to see the significant numbers that some producers had submitted to us or told us about their carbon tax alone on their grain drying expenses," he commented. "We know that there is yearly carbon tax expenses for livestock producers to heat their barns and their buildings that happen every year."
 
He talked about the cost competitiveness disadvantage that farmers have at this point in time.
 
"These costs will only be increasing as time moves forward. We haven't seen clarity with regards to the provincial/federal relationship on the Manitoba Climate and Green Plan. We don't know what the status of that is at this point in time either. Still a lot of uncertainty with just producers paying more as we move forward."
 
Campbell suggests the grain drying decision is a political position and not necessarily relevant to the costs to which producers are baring.
Click here to see more...

Trending Video

14 Days until The TrumpXi Meeting! Phase 2 Trade deal Bullish AG

Video: 14 Days until The TrumpXi Meeting! Phase 2 Trade deal Bullish AG

The countdown to the Trump/Xi meeting in Beijing is on- it happens in mid-May & Trump says trip to China will be “great”!

New technical breakout in KC wheat and canola futures.

May weather forecast remains cool/wet for U.S. east but dry out west.

S&P 500 surged +14% in April to new record highs!

Funds now worried about a prolonged war with Iran and higher fertilizer/diesel prices for longer impacting global grain production.

UAE leaving OPEC on May 1 while OPEC + looking to increase output again.

U.S. farm bill passes after 5 long years! E15 + top winners and losers in April CFTC and more.