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Ontario Liberals Approve Increased Tire Eco-Fee, Which Will Impact Farmers

Ontario Eco-Fee Fees Raised by 2,200 Per Cent Will Cost Farmers More to Recycle Farm Tires

By , Farms.com

The Ontario Liberals are raising eco-fees by more than 2,200 per cent which is set to come into effect on April 1st.

The raised eco-fee will mean that recycling a front tire on a harvest combine will be raised from $15.29 to $352.80.

Ontario Progressive Conservative (PC) Environment Critic (Kitchener-Conestoga) MPP Michael Harris said on Friday that this new set of eco-fees will take millions of dollars out of the agricultural sector to pay for the Liberals mismanaged recycling program.

“To raise eco-fees by more than 2,200% without properly consulting farmers or other affected industries not only is unfair, but also demonstrates the failure of the Liberals’ tire recycling program,” Harris said in a press release. 

Since the Ontario Tire Stewardship program was created in 2008 its run deficits on off-road tires which would include tires used on dump trucks, tractors, feller benchers and more.

The PCs propose that the government be setting waste diversion targets and developing environmental standards to follow the process.


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Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz

Video: Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz


The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.