Next year's farm input market will depend on the level of pressure on farm income, but early signs suggest input prices could come down according to recent analysis from Farm Credit Canada.
Tag Archives fertilizer prices
Pressure on farm income could push input prices down says FCC economist
Crop revenue ‘mowed down’ by falling prices
Producers can expect a profitability pinch compared to last year
Glacier FarmMedia – Last year was the most expensive crop to ever be planted on the Prairies. In 2024, farmers will spend less on fertilizer, diesel and other inputs, but costs are only marginally lower, said Darren Bond, a farm management specialist with Manitoba Agriculture, “The crop this year … the cost of putting in
FCC’s top economic charts to monitor in 2024
Downward trends for cattle, swine herds; positive bent to feed, fertilizer affordability
As we start the new year amid elevated inflation and major headwinds facing the economy, here are our top charts to help make sense of the economic environment for farm operations, agribusinesses and food processors.
Brazilian farmers slow fertilizer buys as drought dampens corn-planting plans
Fertilizer companies are already dealing with lower profits as prices sag
Brazil's drought is causing farmers there to delay fertilizer purchases for their upcoming corn-planting season, denting sales for global fertilizer suppliers in the world's top corn-exporting country, executives told Reuters.
Fertilizer prices likely flattened, set to rise slowly
Fertilizer price plateau: A good handle on cost of production can bring calm amid volatile markets, says management specialist
Fertilizer prices have mostly hit a plateau and will likely start to creep up again, says one analyst. “Farmers would be incentivized to get the product that they need for the coming 12 months probably sooner rather than later if they want to make use of the bottom of the market,” said Chris Lawson, head
Nutrien to pause potash ramp up, ammonia project on falling prices
Potash prices have eased after the resumption of shipments from major supplier Belarus
Reuters – Nutrien NTR.TO on Wednesday decided to indefinitely pause its ramp-up plans for potash production and halt work on its clean ammonia project at Geismar, Louisiana, as the world’s biggest fertilizer producer grapples with falling prices. Its U.S.-listed shares fell 2.6% in extended trading as the company cited market conditions for stopping efforts to
Interest-free cash advances get extra lift in federal budget
Fertilizer diversification, solids non-fat processing also up for funding
Federal Finance Minister Chrystia Freeland’s latest budget envelope for Canadian farmers up against rising costs of production includes a temporary boost to the interest-free portion of cash advances. Freeland’s 2023 federal budget, released Tuesday, includes $13 million in 2023-24 for Agriculture and Agri-Food Canada to temporarily increase the interest-free limit for loans under its Advance
Mosaic misses profit estimate amid lower demand for fertilizers
Reuters — Mosaic Co. on Wednesday became the latest fertilizer maker to miss fourth-quarter profit estimates amid lower demand for potash and other crop fertilizers, pushing shares down 2.2 per cent in extended trading. Although prices of fertilizers such as phosphates and potash decreased toward the end of last year, it did not boost demand
Editor’s Take: Why so high?
When the goal is creating nitrogen fertilizer, the first thing you need to start with is a lot of natural gas. Everyone understands natural gas is one of the largest inputs — most estimates say about 70 per cent of the price you pay for nitrogen can be traced back to natural gas prices. But
Fertilizer prices to rise on global production shifts
CNS Canada — Canadian fertilizer prices are expected to increase as spring draws nearer, according to industry professionals. “The further you buy out from spring, the prices tend to be a little bit lower. In making your commitments early, prices tend to edge up as you get closer to spring,” said Don Kitson of International
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