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Croplife Study Estimates $880 Million Per Year Cost With Neonic Ban

on May 22 | in Ag News | by | with No Comments

From Diego Flammini, Farms.com

A new study released by CropLife estimates that trying to comply with Ontario’s new neonic restrictions could cost farmers $880 million annually.

The Ontario government wants to protect bees, butterflies and other pollinators by reducing the sale and use of neonicotinoid-treated corn and soybean seeds.

The report, completed by RIAS Inc. in Ottawa, looked at the financial impacts of adhering to the restrictions. Neonics are almost universally applied on corn and canola seeds in North America and can also be found in soybean seeds.

The Assessment of the Costs to Ontarians of Proposed Amendments to Ontario Regulation 63/09 under the Pesticides Act highlighted some of the major financial and yield implications the new regulations can have on farmers:

Simply complying with the proposed regulations could cost farmers $24 million per year. Corn production could fall by more than 2.6 million tonnes per year and soybeans by over a million tonnes per year It could cost businesses related to seeds and crop health about $26 million per year to comply – and that farmers would pay for about 92% of it ($24 million) The proposed regulations put forward by the Ontario provincial government would see the use of neonics reduced by 80% come 2017.

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