Farms.com Home   News

Ag Minister Stewart Continues To Oppose Carbon Tax

 
A motion introduced yesterday into the Saskatchewan legislature was geared at sending a clear message to Ottawa about Saskatchewan’s opposition to the national carbon tax.
 
Agriculture Minister Lyle Stewart says the national carbon tax would add substantial costs for Saskatchewan’s producers.
 
"A smallish farm of 2,500 acres would be $10,000, now it might be more, some estimates have gone between $4 and $6 an acre," he said.
 
"That is on the low side, is $10,000 it could be $12,000 for a farm that size. If you double that, you get into an average commercial sized farm around 5,000acres. Then it is $20,000-$30,000 per year."
 
Stewart added the tax will have a devastating effect on the ag sector and the economy as a whole.
 
"We have said that we would introduce when our economy was stronger, some more reasonable level of carbon levy on major emitters and all of that fund would go into new technology like what we have built at the Boundary Dam 3," he said.
 
Source : Discoverestevan

Trending Video

Making Soybeans Great Again! + A Fools Gold?

Video: Making Soybeans Great Again! + A Fools Gold?


Trump's post this week that China would buy an additional 8 mmt of U.S. soybeans was a “game changer” near-term. The plunge in Bitcoin down 50% from the highs may no longer be considered a “digital” gold. It has followed the selling in tech this week with the NASDAQ down 7%. The 45Z announcement provided more clarity and guidance resulting in higher soyoil futures. Next weeks USDA February crop report is historically a non-event and more.