The Canadian Press

2015-02-01 | Oil Prices Agriculture

Preview Clip

Canada's farmers are reaping the benefits of plunging fuel costs. Cheaper gas and diesel fuel is helping ease the pain of low grain prices for growers and boosting profits for cattle ranchers. Gary Stanford, who has a farm southwest of Lethbridge, Alberta, says the benefits may spread through the transportation industry. (Stanford, however, says he fears the federal government may consider adding extra taxes to make up for lost resource revenue.)

Date: 2015-02-01
Placeline: MAGRATH, Alberta.
Source: The Canadian Press
Length: 22 seconds

Transcript Prediction: << so they'll be some advantages that way hopefully they'll be some advantages come through with maybe a little bit of a lower price on Transportation so you like with the railroads to keep them efficient and you don't help with the transportation cost maybe some of the trucking companies that are hauling are green to the elevators you know they'll be able to lower their costs a little bit >>