Cane farmers in Queensland could face yet another power price hike when the Queensland Competition Authority (QCA) releases its final report on determination of electricity pricing later this month to State Government.
The Australian Cane Farmers Association (ACFA) has expressed concern at the proposed increase, following QCA’s draft report in February recommending huge hikes.
ACFA Chairman, Don Murday, is urging the State Government to take action to reduce the cost of electricity to farmers.
“Australian Cane Farmers Association is calling for the State Government to seriously consider the proposed increases which could see prices rise by 17.5%.
“In an industry that is already struggling with debt, rising costs and a strong Australian dollar, these dramatic increases could mean that some cane farmers across the state would seriously consider their future in the industry.
“It was only last November that the State Government released a plan to double agriculture by 2040, if these increases are adopted I would have serious doubts about how this will be achieved. Policies must align to achieve outcomes that are beneficial to farmers as well as the public interest.