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Politics : Rat's Nest - Chronicles of Collapse
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To: Wharf Rat who wrote (2221)9/26/2005 8:58:34 PM
From: Wharf Rat  Read Replies (1) of 24207
 
Fertilizer Costs Soar; Farmers Face Tough Decisions
Friday, September 23, 2005


Farmers this fall will have to scrutinize their fertilizer purchases like never before due to recent price hikes that have pushed the cost of anhydrous ammonia to new highs.

Illinois Farm Bureau senior economist Mike Doherty said the cost of anhydrous ammonia already had increased by an estimated 25 percent this year. And that was prior to Hurricanes Katrina and Rita.

Now with the disruption of natural gas extraction and processing in the Gulf of Mexico due to hurricane damage, anhydrous ammonia prices are pushing $450 to $500-plus per ton across the Midwest, according at a fertilizer industry representative. Prior to 2005, the largest spring price quote for anhydrous ammonia (dating back to 1960) was $399 per ton in April 2001, USDA reported.

"Natural gas has been called the forgotten fuel because so much attention is being placed on high gasoline prices," said Jean-Mari Peltier, president of the National Council for Farmer Cooperatives.

FarmWeek's Dan Grant will have more on this story in Monday's FarmWeek. We have a link to the Fertilizer Institute website and a Department of Energy website on natural gas.
farmweek.ilfb.org
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