The relentless rains that flooded the Mississippi valley bogged down farm equipment and delayed fertilizer applications well beyond the swollen riverbeds, even though only 3%-5% of
Midwestern cropland was actually flooded this spring.
Nonetheless, most observers say the "Great Rains" will be a positive for the domestic market next year. "The flood will result in lower than normal deliveries this fall-especially phosphates," says John Douglas, principal of agricultural consultants Douglas
Associates (Florence, AL). But "next spring we should have a barn burner because of pent-up demand."
However, with the domestic market mature, the prospect of a strong season ahead may not be sufficient to revive fertilizer profits, especially depressed phosphate …
No comments:
Post a Comment