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Shining Light on Farm & Food Policy for 20 Years.
Thursday, April 18, 2024
Koch Ag & Energy Solutions plans to acquire an Iowa fertilizer plant owned by OCI Global, a Dutch company, in a $3.6 billion deal that will turn over complete ownership of the facility.
Fertilizer prices may yet experience more volatility in Europe and South America, but the situation has mostly stabilized in the U.S., where fall applications will be relatively normal, says Ken Seitz, president and CEO of Nutrien, a major producer of potash, nitrogen and phosphate products.
Prices for fertilizer products have been dropping for months from highs last year after many producers cut down on applications, but major manufacturers such as Mosaic and Nutrien see farmer demand rising amid bullish fundamentals.
USDA is carrying out environmental reviews on projects aimed at expanding the availability of fertilizer for farmers' immediate needs, Agriculture Secretary Tom Vilsack says.
The deal that opened up grain exports from three ports in Ukraine is widely lauded as a success in bringing down global food prices, but the future of the Black Sea Grain Initiative is being threatened by Russia, and United Nations officials are scrambling to save it.
Fertilizer prices have risen quickly and the National Corn Growers Association is warning that new tariffs on imports could make the situation even worse for farmers.
The cost of fertilizer exploded in 2021 and farmers across the country are going to be hit even harder in 2022, according to a new study by Texas A&M University’s Agricultural and Food Policy Center.
Farmers are being hit from all sides with increased production costs, but two of the expenses responsible for the most volatility and uncertainty are fertilizers and pesticides.
