Fertilizer
Nutrien announced this week it will build the world’s largest clean ammonia production facility in Geismar, Louisiana, to “decarbonize agriculture.”
Biden says Ukraine has 20 million tons of stored grain awaiting export to various countries. He says lack of port movement coupled with halted planting in Ukraine will ignite a global food crisis unless action is taken.
The White House is expected to announce plans to insure double cropping in 681 more counties and doubling the amount of funding for domestic fertilizer production to $500M during a visit to an Illinois farm Wednesday.
As input prices climb to alarming levels, Jon Stevens’ decade-long series of input trials is paying dividends in 2022.
One of the biggest ag supply chain stories this spring has been pesticides. While my experience is these situations are usually overblown early, the situation could alter the way farmers do business in the years ahead.
The March CME/Purdue Ag Economy Barometer posted the weakest farmer sentiment reading since May 2020, as the survey found the biggest concern among producers continues to be “higher input costs.”
As farmers prepare for planting, supply chain concerns are rampant. Input availability issues could be a factor farmers battle all spring with a recent ag retail survey finding chemistry is in the shortest supply.
Livestock farmers, including those who previously paid to have animal waste removed, have found a fertile side business selling to grain farmers. Equipment firms that make manure spreading equipment are also benefiting.
A growing number of lawmakers, farm groups and farmers are pleading for assistance from still surging fertilizer prices. One possibility for USDA would be to tap the Commodity Credit Corporation (CCC) Charter Act.
A labor dispute that shut down operations at Canadian Pacific Railway Ltd on Sunday is set to aggravate a shortage of commodities, and a prolonged lockdown could hurt farmers ahead of the spring planting season.