“The imposition of tariffs on some fertilizers has had a profound impact on our agricultural industry,” says Jeff Harrison, Chair, Grain Farmers of Ontario. “Farmers across the country are facing increased costs and tighter inventories, which jeopardize their ability to maintain productive and profitable operations. Removing these tariffs is a critical step toward stabilizing the supply chain and ensuring that our farmers have access to the fertilizers they need at affordable prices.”
In response, the StoneX report suggests several key measures:
- Removing tariffs on Russian fertilizer imports to alleviate cost pressures.
- Building robust relationships with leading global fertilizer exporters.
- Implementing subsidies to make fertilizers more affordable.
- Supporting the construction of new nitrogen facilities.
- Incentivizing Canadian producers to modernize existing ammonia facilities.
- Enhancing the efficiency of the national fertilizer supply chain.
- Investing in partnerships with countries rich in phosphate resources.
These recommendations aim to reposition Canada as a frontrunner in agricultural stability and food security.
The call for action is clear: the government needs to respond decisively to protect its agricultural sector by eliminating fertilizer tariffs and implementing the report’s strategic recommendations.