“Significantly” -Impacts of Hydro Increases | Farms.com

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Ontario Farmers “Significantly” Impacted by Hydro Increases

Ontario PC Survey Indicates 60.7% of Farmers *Higher Hydro hurts farm industry, note by lakeshore 能源新闻研究

Reported Hydro Cost Hurting Business

By Amanda Brodhagen, Farms.com

The Ontario PC Party Critic for Agriculture, Ernie Hardeman MPP for Oxford announced today the results of a survey conducted to gain feedback from farmers to indicate some of the biggest challenges facing their farm businesses and 67.7% of Ontario farmers indicated that the increasing costs of hydro posed a “significant” impact on their farming operation.

“97% of farmers said they have been impacted by increased hydro costs and 60.7% of those said the impact has been significant,” said Hardeman “Farmers are working hard to make ends meet and grow their businesses but they are struggling with the impact of government policies like spiraling hydro rates.”

It has been forecasted that the cost of hydro is going to increase by 47% over the next five years, which has been attributed to green energy subsides for wind and solar projects in addition to the recently discovered costs of relocating two power plants that left taxpayers on the hook for $900 million.

The survey was part of an initiative by the Ontario PC caucus in order to identify some of the key challenges that farmers are facing so that the PC’s could assist with advocating for farmer’s needs. While 60.7% of farmers listed the rising cost of hydro as a significant impact, a total of 97% of farmers said that they have been impacted by hydro costs.

Ontario Farmers “Significantly” Impacted by Hydro Increases | Farms.com