(KMAland) — Farmers had many questions about fertilizer this spring, according to Cory Rosenbush of the Federalizer Institute.
“You know, I’ve spent a good part of the last six to eight months there with the farmers and that’s what they’re concerned about, they want to know if I’m going to be able to supply myself? Will I be profitable? Can I lock prices? And all of that has been big question marks.
However, market conditions and weather quickly changed the spring outlook.
“I don’t know if we were really in a supply crisis, but there were a lot of global things that I think scared people at the start of this planting season. I think right now we’ve got volumes down, we’ve had a lot of changes in planted acreage, and now the weather impact, I think people are pretty confident that we’re going to be sourcing well. I think you will continue to see the challenge a farmer is going to have when they go out and ask for a price in this volatile market, it will be difficult for them to always fix it.
Summer and fall applications, as well as next spring are the next big questions farmers are asking.
“We are not necessarily permitted to make forward-looking statements, but I will say that some of the things I hear from our members is that this is a long-term market condition, that the momentum of this market is likely to be at least until 2023.”
Thus, farmers should prepare to endure a volatile fertilizer market for another year or so.