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Pre-bought inputs protect many growers from fertilizer value surge
A senior grains and oilseeds analyst says he doesn’t anticipate excessive fertilizer costs to affect a big portion of growers this season.
Marc Rosenbohm with Terrain says many farmers locked in inputs previous to the beginning of the Center East battle. “Loads of these fertilizer selections have been made. We’ve heard a bit of bit about individuals contemplate switching, however I believe by way of scale of acres, I believe we’re speaking about a lot, a lot much less.”
Nonetheless, he says, the run-up in costs will probably have a serious affect on producers who have to make in season purchases. “We moved from wherever within the higher $700 to low $800 vary to the low $1000. We’ve added wherever from $100 to $200 or {dollars} per ton to these costs. That’s significant.”
He says there’s been some price enchancment for different merchandise like phosphate, potash and urea.
