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‘I live in Vegas’: Canadian ag producers take gamble with high fuel, fertilizer costs
Farmers say pre-bought fuel and fertilizer are still costing more, with diesel and fertilizer prices nearly doubling and margins remaining thin.
- On Tuesday, Bruce Bird and Dave Reid, farmers near Cremona northwest of Calgary, pre-purchased fuel and fertilizer last fall to manage soaring costs as seeding approaches in two weeks.
- Ongoing conflict involving the U.S., Iran, and Israel has choked vital oil and gas shipments through the Strait of Hormuz, causing global fuel and fertilizer prices to nearly double.
- Jill Verwey, vice-president of the Canadian Federation of Agriculture, reported fertilizer costs rose 40 per cent while diesel reached $1.51 per litre, squeezing margins on her 4,000-hectare farm.
- Bird avoided at least $100,000 in additional costs through pre-planning, though he warned that thin margins make farming a difficult "gamble," while Reid noted producers remain exempt from excise taxes.
- University of Guelph agriculture professor Dr. Asim Biswas warned that supply shortages could force producers to skip planting this year, potentially impacting national trade and food security.
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31 Articles
31 Articles
The Toronto Star+5 Reposted by 5 other sources
‘I live in Vegas’: Canadian ag producers take gamble with high fuel, fertilizer costs
CREMONA
·Toronto, Canada
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Winnipeg Free Press+20 Reposted by 20 other sources
'I live in Vegas': Canadian ag producers take gamble with high fuel, fertilizer costs
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Total News Sources31
Leaning Left20Leaning Right0Center5Last UpdatedBias Distribution80% Left
Bias Distribution
- 80% of the sources lean Left
80% Left
L 80%
C 20%
Factuality
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