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Fertilizer Prices

All articles tagged with #fertilizer prices

business13 days ago•2 min saved

Iran Conflict Sends Fertilizer and Fuel Costs Skyward, Straining U.S. Farmers

CBS News reports that the Iran war is driving up fertilizer and fuel costs, with ammonia up about 20%, urea about 50%, and diesel roughly 43.5%, adding to the burden on U.S. farmers who already saw a 46% rise in farm bankruptcies last year. Growers like Lance Lillibridge say costs are up around 25% from last year, threatening spring planting and potentially higher grocery prices as production costs climb from seed to sale.

via CBS News|

#business #diesel-prices #farm-bankruptcies

economy28 days ago•9 min saved

Hormuz Crisis Sparks Inflation Across Helium, Fertilizer and Semiconductors

Iran’s blockade of the Strait of Hormuz is driving inflation beyond oil, hitting helium and fertilizer supplies and threatening semiconductor production, medical imaging, and crops as global ships stall. Helium prices have doubled and urea costs have risen around 30% since the conflict began, with experts warning that a prolonged disruption could lead to shortages even after the strait reopens. The White House is signaling relief for farmers, but markets face months of volatility before normalcy returns.

via Politico|

#economy #fertilizer-prices #helium-market

agriculture2 years ago•0 min saved

Drought and Hay Shortage: Impact on Northern Michigan and Texas Agriculture

Northern Michigan is experiencing a hay shortage due to a combination of drought and high fertilizer prices. The Federal Agricultural Statistics Agency reports that hay is at a 50-year low. Meadow Creek Ranch, a farm in Reed City, has only received 25% of their usual hay yield this summer. The drought has also affected grass growth, forcing them to rely on hay earlier than usual. To address the issue, they plan to change their fertilizer application and increase Sudex cultivation. Additionally, hay prices have risen by an average of $10 per bale, reaching around $85.

via 9 & 10 News|

#agriculture #fertilizer-prices #hay-shortage