Bloomberg News

Canadian Farm Fuel, Fertilizer Expenses May Climb, Ministry Says

March 12, 2012

Canadian farmers may pay more for fuel and fertilizer this year, compared with 2011, as emerging economies boost energy consumption and supply growth slows, the Agriculture Ministry said.

Fuel costs for farm machinery may rise about 3 percent in 2012, compared with 2011, Agriculture and Agri-Food Canada said today in an e-mailed report. Energy costs, mainly for diesel and gasoline, jumped 25 percent in 2011, according to the report. Fertilizer prices may climb 5 percent in 2012, after surging 29 percent in 2011, the Ministry said.

To contact the reporters on this story: Whitney McFerron in Chicago at wmcferron1@bloomberg.net

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net


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