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Give farmers a carbon tax break after 'harvest from hell'

It sounds a little counter-intuitive admits the Green Party’s agriculture critic, but it’s true. The party devoted to saving the environment is calling for a break on the carbon tax for some of Canada’s long-suffering farmers.
 
After a rainy year in the Prairies, wheat farmers have been left with the soggiest harvest in almost a decade and adding insult to injury is an extra charge for the federal carbon tax on fuel used to dry the grain.
 
Kate Storey, an organic wheat farmer in Manitoba who also serves as the Green Party’s agriculture critic, says this tax break would more closely resemble “disaster relief” than anything else and it’s not going to make the Green Party any less green.
 
Storey also called for the government to invest in new energy-efficient grain drying technology and new crop varieties that allow for a shorter season. But that’s a long-term solution and, for now, the Green Party wants the government to rebate farmers for the out-sized costs of the previous year.
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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.