Fertilizer
Bri Osborne returned in 2019 to help her father manage their family farm, overseeing 1,000 acres and 7,000 hogs while expanding their dragline manure and spray drone businesses.
Improvements in fertilizer trading may be on the horizon.
As you begin to rein in production costs, big ticket items such as fertilizer naturally get a lot of scrutiny. Now’s the time to think through how you’ll best allocate available dollars for nutrients.
The new numbers show that net farm income will fall $6.5 billion or 4.4%. This is compared to projections released in February suggesting it would fall 26%.
There’s a big crop in the field for many Midwest growers, and it requires fuel. N supplies ears with the energy they need to add kernels all the way to their tips and to pack on weight.
The strike adds another layer of concern for ag retailers. With farmers assessing their fertilizer costs and needs this fall, this supply chain concern could add stress to an already elevated issue.
Unless labor agreements are reached, Canadian National Railway and Canadian Pacific Kansas City will shut nearly all freight rail services in Canada at midnight on Thursday, snarling shipments of everything from wheat to fertilizer and meat.
Farmers are making the decision between buying fertilizer now amid some of the tightest crop margins ever, waiting until spring to make purchases or cutting the input all together.
A transformation is afoot at Nutrien as the company enters a new era of growth
Josh Linville, vice president of fertilizer at StoneX, shares the global factors currently influencing the fertilizer market.