Farmers in holding pattern on fertilizer prices |
| Globe and Mail - Dec 15, 2011 |
Normally around this time of year Doug Chorney would be putting in orders for fertilizer for his farm near Selkirk, Man. Not this year.
“We’re definitely waiting,” said Mr. Chorney, who keeps in regular contact with his fertilizer dealer to see where prices are headed. “I’m hearing a lot of concern among farmers around here about what they should do at year-end.”
Mr. Chorney has good reason to wait. The bill for fertilizer on his 1,600-acre farm has nearly doubled in the last year to $1,100 a tonne. Like many farmers, he’s hoping that by waiting a few months, prices may start to fall. He’s also planning to change his crop mix, switching some acres from canola to soybeans, which require less fertilizer.
It’s not a bad call. Prices for many key fertilizer ingredients, such as nitrogen-based products and phosphate, have dropped in the last few months as farmers across North America and Europe play a similar waiting game.
Read Full Article from Globe and Mail
- Posted: 2011-12-15 12:01:00
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