Apr 17, 2008

Impact Of EMS On Agriculture A Heavy Blow

Brian Fallow has another article looking at the impact of the proposes EMS on the agriculture sector.

The conclusion, entirely unsurprising, is that the new carbon cost reduces profits significantly, unless farmers are shielded from it - as they will be at first but subject to a rapid phase-out - or unless meat and milkfat prices are a lot better than last year.