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Crops, News

Crop revenue ‘mowed down’ by falling prices

Producers can expect a profitability pinch compared to last year

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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
(Dave Bedard photo)

FCC’s top economic charts to monitor in 2024

Downward trends for cattle, swine herds; positive bent to feed, fertilizer affordability

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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.
“...now I think fertilizer pricing is almost a 12-month-a-year practice.” – Darren Bond, Manitoba Agriculture.
News

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

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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
(Video screengrab from SQM.com via YouTube)

Nutrien to pause potash ramp up, ammonia project on falling prices

Potash prices have eased after the resumption of shipments from major supplier Belarus

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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
Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland walk with copies of the 2023-24 budget on Parliament Hill in Ottawa on March 28, 2023. (Photo: Reuters/Patrick Doyle)

Interest-free cash advances get extra lift in federal budget

Fertilizer diversification, solids non-fat processing also up for funding

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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
(Dave Bedard photo)
Crops

Mosaic misses profit estimate amid lower demand for fertilizers

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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
An ammonia and nitrogen fertilizer plant in Russia. (Saoirse_2010/iStock/Getty Images)
Editorial, Op/Ed, Other

Editor’s Take: Why so high?

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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
(Thinkstock photo)
Crops

Nitrogen looking cheap across Prairies

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CNS Canada — Farmers in Manitoba may be looking to fill up on nitrogen fertilizer this fall as prices reach lows not seen in over a decade. “One retailer I talked to said it was the cheapest nitrogen prices in 15 years,” according to Dan Mazier, president of Keystone Agricultural Producers. Prices also seem to

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