Proposed fertilizer emissions reduction will hurt farmers income
MELFORT, Sask. — An independent analysis warns of a major financial impact of a proposed federal fertilizer emission reduction of 30 per cent.
Fertilizer Canada hired Meyers Norris Penny (MNP) to calculate what would happen if Canada adopted the European Union (EU) model that looked at a 20 per cent reduction in the use of fertilizer.
Using that scenario as a guideline, the study showed the potential for a $48 billion loss in farm income if fertilizer reductions are required of growers.
Fertilizer president and CEO Karen Proud said the calculations, based only on canola, corn and spring wheat crops showed by 2030, Alberta farmers would lose $2.95 billion, Saskatchewan $4.61 billion and $1.58 billion for Manitoba producers.