Posted on Mar 14, 2022
Midwest farmers worry if they’ll break even as Russia’s invasion pushes fertilizer costs higher
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Russia is a big exporter of fertilizer and its raw ingredients. As economic sanctions cut off that market, Midwestern farmers are feeling the effects.
Mark Scott has been farming corn and soybeans on his family’s land outside of St. Louis for more than 30 years, and he has never seen fertilizer prices as high as they are now.
“It’s doubled in price since last year,” Scott said. “I locked up all my nitrogen this morning before it took another jump and it’s probably 38-40% higher than last year.”
On a blustery March morning at his 2,000 acre farm he runs with his son, Scott said it’s a concern for him and the farmers he represents on the Missouri Corngrowers Association Board.
“We may be at a loss this year versus last year just due to the high input prices,” he said.
Mark Scott has been farming corn and soybeans on his family’s land outside of St. Louis for more than 30 years, and he has never seen fertilizer prices as high as they are now.
“It’s doubled in price since last year,” Scott said. “I locked up all my nitrogen this morning before it took another jump and it’s probably 38-40% higher than last year.”
On a blustery March morning at his 2,000 acre farm he runs with his son, Scott said it’s a concern for him and the farmers he represents on the Missouri Corngrowers Association Board.
“We may be at a loss this year versus last year just due to the high input prices,” he said.
Midwest farmers worry if they’ll break even as Russia’s invasion pushes fertilizer costs higher
Posted from kcur.org
Farming
Agriculture
Russia
Ukraine
Posted >1 y ago
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And there you hit on the core problem of “bring back manufacturing”
Lt Col John (Jack) Christensen
SFC Thomas Foreman Exactly, and based on bitching about having to pay more for gas due to Ukraine i suspect people won't pay to bring manufacturing back either.
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America is the third largest importer of fertilizer in the world. My daughter's father in law can not afford fertilizer for his farm. He is also being screwed by imported beef which is mass marketed at less than what he can sell his beef for.
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I feel bad for some farmers. In down years they are minimizing losses instead of maximizing profits.
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