Trevor Tombe at the U of C on food inflationin Canada

[Grain Farmer]

You think?

C'mom man Trevor Tombe and the parliamentary budget office look at the actual evidence before they draw a conclusion.

Lol..you are Fooled again.

[chuckChuck]

Fuel costs went up by 54% because of market factors and that rise was not caused by the carbon tax because farmers were largely exempt for farm fuel.

Factors Influencing 2022 Prices

• 2021 Drought Aftermath: Extremely low opening stocks from the 2021 drought meant that even with a production rebound in 2022, supplies remained tight, driving up prices.
• Global Conflict: The Russian invasion of Ukraine created significant supply uncertainty in the global wheat market, leading to increased export values for Canadian grain.
• Elevated Costs: Despite record revenue, the 2022 crop was among the most expensive to plant, with fertilizer costs increasing by 54.4% and fuel costs by 52.5%.

[chuckChuck]

Who's evidence, their conclusion may not be right either...

Show us your numbers and prove Tombe and parliamentary budget office wrong then. We are waiting.,...

[farmaholic]

You know better, so wait, I won't change your mind and you won't change mine.
Everyone is entitled to their opinion.
Yes, I do "think" the carbon tax had a compounding affect on prices, anyone with the ability to pass it on would, now multiply that up until the last person who had to pay the cumulative affect without the ability to pass it on.

[furrowtickler]

Who had record revenues in 2022 ??

[GALAXIE500]

Who had record revenues in 2022 ??

Record drought over here in my area.

[furrowtickler]

Record drought over here in my area.

Your area was ground zero , but also In many areas which left very little grain to sell at those high prices from many producers.
But everyone is constantly reminded of how much money farmers made, “gold rush” ..
Well a few areas did well , like 25% , the other 75% had to watch those high prices come and go
Like saying one guy at the casino won big so everyone there won big lol .
Machinery dealers still bring up “Well canola was $22…..”

[Hamloc]

Show us your numbers and prove Tombe and parliamentary budget office wrong then. We are waiting.,...

Cut and paste this article from Sylvain Charlebois Chuck2!

[Hamloc]

Chuck2 to help you out:
torontosun.com/opinion/columnists/the-inconvenient-truth-about-the-carbon-tax-and-food-prices.

[chuckChuck]

Market driven energy price rises are a bigger cause of increasing energy costs in the food system.

Charlebois is not an economist nor has he published a peer reviewed study on the impact of carbon pricing on food prices.

While some, such as Sylvain Charlebois, argue that the complexity of the food supply chain makes it difficult to isolate the exact impact of the tax, Tombe's research published in the Canadian Journal of Agricultural Economics ([url]https://onlinelibrary.wiley.com/doi/10.1111/cjag.12383[/url]) maintains that the effect remains relatively small even as the price per tonne increases.

[url]https://onlinelibrary.wiley.com/doi/10.1111/cjag.12383[/url]

"Our analysis nevertheless suggests that emissions pricing in Canada has only a modest effect on food prices." Carbon pricing adds a bout half of one percent according to Tombe. Charlerbois has not provided any analysis nor provides any data to back up his speculation.

According to research by economist Trevor Tombe, the federal carbon tax has a minimal impact on Canadian food prices, contributing to less than a 1% increase in overall grocery costs. His analysis indicates that at $80 per tonne, the tax increases the cost of domestically produced food by approximately 0.8%, with an average effect of 0.5% when accounting for imports.

Key Findings on Carbon Tax and Food Costs

• Minimal Impact: Tombe's research indicates that the vast majority of recent food price inflation is driven by global factors, such as supply chain disruptions and energy prices, rather than the carbon tax.
• Small Price Increase: For a $100 grocery bill, the carbon tax is estimated to contribute roughly 30 cents, or roughly 0.3% in some regions, notes this Facebook post ([url]https://www.facebook.com/groups/Conservative.Dimensions/posts/10161180632619139/[/url]).
• Long-Term Impact: While some, such as Sylvain Charlebois, argue that the complexity of the food supply chain makes it difficult to isolate the exact impact of the tax, Tombe's research published in the Canadian Journal of Agricultural Economics ([url]https://onlinelibrary.wiley.com/doi/10.1111/cjag.12383[/url]) maintains that the effect remains relatively small even as the price per tonne increases.
• Sector Exemptions: Many agriculture-related emissions, including those from biological sources (e.g., fertilizer use and livestock), are exempt from the tax, which reduces the overall pressure on food prices.