Farms.com Home   News

Carbon Tax, Cost Of Grain Drying Discussed This Week In Ottawa

The country's agriculture ministers met this week in Ottawa.
 
Blaine Pedersen is Manitoba's Minister of Agriculture and Resource Development.
 
"When we were having our discussions with the federal minister, we certainly reiterated the cost of the carbon tax on propane and natural gas use for drying the crops," he said. "There's a lot of drying that happened this fall. She has asked us to put together some numbers in Manitoba's case, what the extra cost will be and so we'll be reaching out to the farm community to pull together some of the numbers, because I know they are substantial."
 
Other topics of discussion at the meeting included Business Risk Management, African swine fever, and trade issues.
Click here to see more...

Trending Video

Did Bears Win Thanksgiving, Will Bulls Get Christmas?

Video: Did Bears Win Thanksgiving, Will Bulls Get Christmas?


Did the bears win Thanksgiving (although this week had green on the screen), and will the bulls get Christmas? Bears won thanksgiving thanks to a USDA Nov crop report dud that stalled the bullish grain momentum for a brief period. But a bullish lower yield surprise in the Dec crop report could reignite the rally.
2026 U.S. winter wheat planting is nearly complete at 97% while crop conditions improved by 3 points to 48% good-to-excellent. US corn & soybean harvest is complete.
High corn demand, which is off the chart, and more Chinese soybean demand could support a Christmas rally.
Nasdaq had it’s worst November since 2011.
A U.S. Fed rate cut in December will help fund flow and sentiment.
Bitcoin held a long-term support at 80,000 and that's positive for fund flow and sentiment. It should help stock prices and Ag as we go into December.
Fertilizer prices continue to climb as we look ahead to 2026. Farmers may rely more on the nutrients that they already have in their soils.
South American Weather remains critical as the soybean reproductive stage starts from late Nov to late Feb depending on planting date.
Will a Russia-Ukraine peace deal happen by year-end?
CFTC data as of showed more managed money fund sell-off as of October 14th.