Supply Chain

CNH Industrial announced this week its temporarily shutting down several of its European manufacturing plants that produce agricultural equipment. CNH says it plans to shut down the facilities for eight days this month.

Port officials say strong American consumer demand has continued unabated for more than a year, as the Port of Los Angeles has seen a 30% increase in cargo volume so far this year, while exports fell 23% in August.

Prepare now for higher fertilizer costs in 2022.

There doesn’t appear to be much price relief on the horizon. Product availability could be limited as well, based on what China and Europe are experiencing.

Dairy farmers across the U.S. are battling growing concerns about a spike in costs, as inflation, rising input costs are eating into dairy farm margins this year. Issues with sourcing labor are also adding to the pain.

Leaders the world’s largest input companies report material and freight costs continue to be high and farmers should expect prices to be up in 2022.

The fertilizer industry is swarmed with Black Swan events. From the impacts of Hurricane Ida to political issues entangled in a cobweb of production slowdowns in Europe and China, prices could surpass 2008 highs.