Diesel price spike costs this farm $200,000
NAPANEE — Mark Davis, one of the owners of Hay Bay Genetics, wants the Ontario Federation (OFA) to petition governments to remove all tax from coloured fuel. The breeder of purebred hogs says the rising input costs are "sucking" the profit out of everything.
He says that between April 1
st, 2007 and April 1st of this year coloured diesel went from 63.1 cents per litre to 99.5 cents per litre, not counting GST. Over the same period, the farm bought 237,000 litres of diesel fuel. During April, the price spiraled to $1.07 per litre. That spike in fuel cost his operation almost $200,000.Hay Bay is one of the largest farms in Ontario, cropping 6,400 acres of row crops, 450 acres of hay, maintaining 235 beef cows and 2,700 purebred sows, which produce 60,000 piglets annually.