Budget 2023: Ottawa promises to compensate farmers for Russian fertilizer tariffs

Canada News News

Budget 2023: Ottawa promises to compensate farmers for Russian fertilizer tariffs
Canada Latest News,Canada Headlines
  • 📰 financialpost
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 85%

The federal government will spend $34.1 million to compensate Eastern Canadian farmers for a spike in production costs last year due to Ottawa’s decision to…

Fertilizer Canada, a lobby group that represents importers, producers and retailers, said ahead of the budget that $34.1 million doesn’t represent the full cost to the industry. Some importers cancelled their contracts with Russian producers after the government imposed tariffs, but still had to find other contracts for fertilizer on short notice in a tight global market, leading to extra costs, spokesperson Kayla FitzPatrick said.

Trudeau said the plan is to find ways to use fertilizer more efficiently, but stressed that Canada’s agriculture sector can’t afford a cut in yields. “The world needs to be able to have reliable sources of grain,” he said.Article contentPhoto by Mike Hensen/The London Free Press/Postmedia Network For some of the industry’s top leaders, however, infrastructure spending isn’t the problem. John Heimbecker, the head of Parrish and Heimbecker Ltd., of one of Canada’s top grain exporters, said last year that the real issue is

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

financialpost /  🏆 7. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Budget 2023: Farmers push Ottawa for relief from tariffs on Russian fertilizerBudget 2023: Farmers push Ottawa for relief from tariffs on Russian fertilizer35% tariff on Russian fertilizer means farmers spent roughly $34 million extra last year on fertilizers, and they want compensation. Read on.
Read more »

Budget 2023: Farmers push Ottawa for relief from tariffs on Russian fertilizerBudget 2023: Farmers push Ottawa for relief from tariffs on Russian fertilizer35% tariff on Russian fertilizer means farmers spent roughly $34 million extra last year on fertilizers, and they want compensation. Read on.
Read more »

Budget 2023: Industry lining up for carrots as Ottawa prepares to accelerate the green transitionBudget 2023: Industry lining up for carrots as Ottawa prepares to accelerate the green transitionWill Canada\u0027s 2023 federal budget 2023 disappoint or impress industry pushing for subsidies to keep up the green transition? Find out more.
Read more »

Budget 2023: Industry lining up for carrots as Ottawa prepares to accelerate the green transitionBudget 2023: Industry lining up for carrots as Ottawa prepares to accelerate the green transitionWill Canada\u0027s 2023 federal budget 2023 disappoint or impress industry pushing for subsidies to keep up the green transition? Find out more.
Read more »

Budget 2023: Why Ottawa might buttress Canada's defences against banking turmoilBudget 2023: Why Ottawa might buttress Canada's defences against banking turmoilIn this year\u0027s federal budget, bank watchers are waiting to see if Ottawa will increase the size of deposits covered by the CDIC. Read more.
Read more »

Budget 2023: Why Ottawa might buttress Canada's defences against banking turmoilBudget 2023: Why Ottawa might buttress Canada's defences against banking turmoilIn this year\u0027s federal budget, bank watchers are waiting to see if Ottawa will increase the size of deposits covered by the CDIC. Read more.
Read more »



Render Time: 2025-03-04 22:27:11