Posted on 02/28/2022 2:57:40 PM PST by ransomnote
::::It’s official - Europe won’t transfer fighter planes to Ukraine. Poland decided not to, and Slovakian defense ministry spokesperson confirms to me just now: “Slovakia will not provide fighter jets to Ukraine.”:::::
An illegal invasion with an agressor using banned techniques and weapons needs help. I’d take the issue to The Hague and see if this type of help (lend-lease of aircraft) would be OK based on the circumstances.
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You need to read all the informative comments on this thread. Your analysis is completely off base.
Please.
Same. I hang on to Trump the Titan’s promise that great things are coming with every fiber of my being.
Take a few minutes for a good laugh.
Dafug?
I’d like to see a report from a more trusted source.
Copying with a bit more, extremely significant. Bitem ain’t the CIC.
Trump Judges Are Now a Threat to America’s National Security
On Monday, the 5th U.S. Circuit Court of Appeals issued a stunning decision transferring control over the Navy’s special operations forces from the commander-in-chief to a single federal judge in Texas. The 5th Circuit’s decision marks an astonishing infringement of President Joe Biden’s constitutional authority over the nation’s armed forces, directing him to follow the instructions of an unelected judge—rather than his own admirals—in deploying SEALs. High-ranking military personnel have testified under oath that this power grab constitutes a direct threat to the Navy’s operational abilities. As Russia invades Ukraine and declares a nuclear alert, Donald Trump’s judges are actively threatening America’s national security.
(more spew propagnda lies at link)
#497 awww how sad ;)
And would bet they are subsidized by us, the taxpayers, and also by the state they are in. The I-10 drive from LA going east is full of those wind turbines, as is West Texas. NextEra here in Florida is a typical big company division. Crops up when government subsidies become plentiful in an industry, then when the subsidies dry up they go to the next government program, all the while leaving the taxpayer to foot the true expense. Besides being such non-economical eye sores, the long term costs are unknown and will the land be able to be used for other purposes if/when these renewable energy projects fail or don’t get maintained.
Sounds like the cyber part of war is up next. Now that they can’t unleash another plandemic.
Solar and wind power have to be gov subsidized as they never even recoup their startup and operating costs, from what I’ve read.
Well [their] boy Schwab did say that there will be a cyber pandemic.
Why in God’s earth would you want to give your barely few “fighter” planes up? You bought them for your countries defense. What will your country have after.
Sounds pretty complicated.
My solar power pays my light bill and then some. The power company gives me money. Bwahahahahaha! If I had some batteries I could disconnect from them altogether. But seriously, solar is not for everywhere like it is here. I’ll never have snow on my panels (I hope). Plus I think it is only sensible on a small scale like a home where there’s no distance for transmission of power. The best part is that doesn’t take up a bunch of land. All that space is already out there on millions of roofs.
And as a slide, don’t get me started on how much we could grow on lawns.
gisd O
Did you put it in yourself?
What the Russia/Ukraine is trying to have you ignore:
Too Many to Count: Factors Driving Fertilizer Prices Higher and Higher
Excerpt:
All major nutrients used in the production of primary row crops in the U.S., nitrogen (in the forms of anhydrous ammonia, urea, or liquid nitrogen), phosphorus (diammonium phosphate – DAP and monoammonium phosphate – MAP) and potassium (potash), have experienced varying degrees of upward price pressure. Compared to September 2020 prices, ammonia has increased over 210%, liquid nitrogen has increased over 159%, urea is up 155%, and MAP has increased 125%, while DAP is up over 100% and potash has risen above 134%.
Fertilizer is a global commodity and can be influenced by multiple market factors beyond the control of U.S. producers. Similar to globally traded commodities, 44% of all fertilizer materials are exported to a different country. This factor has an outsized impact on fertilizer prices because fertilizer production is not only influenced by what is occurring where it is produced or the cost of production in that country, but also affected by the numerous other countries demanding fertilizer products and the transportation rates to get the fertilizer to its final destination.
…..As a large producer of corn, soybeans and wheat, the U.S. is a large consumer of fertilizer. However, with increased technology and innovation for on-farm products, the use of fertilizer in the U.S. has decreased, despite increased planted acres of these crops. At peak use, during the 1980/81 fiscal year, the U.S. used 23.7 million nutrient tons but has pulled back due to the adoption of precision fertilizer application, as shown by the most recent data available – 2015/16 – when U.S. nutrient use was reported at 22.1 million nutrient tons. Corn represents about 49% of the share of U.S. nutrient use, while wheat accounts for about 11% and soybeans account for 10%. Cumulatively, those three crops account for about 70% of U.S. fertilizer consumption.
Though the U.S. has lowered its overall consumption of global nutrient use, other countries have increased nutrient use. Back in the 1960s, the U.S. accounted for 25% of global nutrient use. Today, the U.S. only accounts for about 10% of global use, with U.S. farmers representing only 2% of that share.
The Multitude of Supply Factors
Domestic Production vs. Imports
The U.S. is the third-largest producer of fertilizer globally, however, it still requires the importation of all three nutrients, especially nitrogen and potash, to fully meet demand. This means that U.S. fertilizer dealers and U.S. producers are required to pay the price defined by the global market for fertilizer and fertilizer materials, plus transportation.
In 2020, U.S. ammonia was produced at 36 domestic plants and shipped around the country by pipeline, rail, barge and truck. According to the most recent data from the International Fertilizer Association, in 2018 the U.S. ranked second in nitrogen production, representing 11.6% of global production, behind China, which produced 24.6% of nitrogen, and ahead of India, which is the third-largest global producer of nitrogen, producing 11.3% of global supply. For phosphate production, the U.S. also ranked second, with 9.9% of global production, behind China, which produced 37.7%, and again ahead of India, with 9.8% of the global supply of phosphate. For potassium potash, Canada leads the way in production, representing 31.9% of global production, followed by Belarus, which produces 16.5% of global supply. Russia is a close third as it produces 16.1% of potassium global supply. China ranks fourth. In total, about 80% of the world’s potash comes from those four countries. The U.S. ranks as low as 11th in potassium production, with only 0.8% of global supply coming from the U.S.
When it comes to global exports, the U.S. is not a major fertilizer exporter. The U.S. holds a share of about 4.6% of the nitrogen exports, ranking seventh. Russia is first, with a share of 16.5% of exported nitrogen, followed by China with about 11.2% of share in nitrogen exports, and Saudi Arabia, which holds a share of 6.4% of nitrogen exports.
Of phosphate exports, the fourth-ranked U.S. represents about 11.8%. China is first in phosphate exports, holding a share of 25.2% of global phosphate exports, followed by Morocco with a share of 17.4%, and Russia with a share of 12.7% of global phosphate exports. Of the global potassium exports, the U.S. represents less than 1% of global exports and ranks 12th among other countries. Canada holds the largest share of global potassium exports with 36.2%, followed by Belarus with an export share of 18.5% and Russia, which represents 16.5% of global potassium exports.
…..Since natural gas is the primary building block for most nitrogen fertilizers, it takes about 33 million metric British thermal units (MMBtu) per material ton of ammonia to make the conversion. This accounts for 70% to 90% of the production variable costs in the synthesis process. Natural gas prices have risen dramatically over the past few months, especially in Europe, where they have increased over 300% since March 2021, which has also forced many EU nitrogen plants to close. Plus, plants built for this process typically take about three to five years to build and cost about $3 billion to $5 billion. The long-run impact is that when a demand surge occurs, the response time to fulfill supply via an additional production facility will lag about three to five years at a significant price tag.
Speaking to the natural gas price spike, during the February freeze throughout Texas, much of the natural gas production was interrupted or shifted away from regular uses and pushed to Texas due to the demand spike. This forced U.S. ammonia plants in Oklahoma, Texas and Louisiana, which combined account for about 60% of production, to shut down during this time and cut about 250,000 tons of production. Then Hurricane Ida hit those areas and production was paused once again.
Amid these production halts, delayed plant turnarounds from COVID were stopped again, just as plants were trying to catch up. This caused more production disruptions, either for much-needed regular maintenance or issues that have occurred as a result of delayed maintenance. These plant turnarounds are necessary and essential to maintain the chemical processes and safety of fertilizer production plants. …..
Short-term costs, like increased natural gas prices and production delays, have a direct impact on production because they create diseconomies of scale. When the short-term variable cost of production rises above the average cost of production in the long-run, a production facility cannot maintain that level of production in an economically viable way. It will scale back production and look for alternatives to backfill supply. With fertilizer, as the price of natural gas skyrockets and increases the cost of production, as in the case of synthesizing ammonia, U.S. producers can no longer compete with other global producers who may have a lower cost of production. This results in a pull-back of production and the search for supply elsewhere, typically via imports. In the case of ammonia, even with domestic U.S. ammonia production, the U.S. must still import as low as 30% of its nitrogen in the 2019/20 fiscal year to as high as 59% back in the 2005/06 fiscal year which is purchased at the global price plus transit costs.
Other fertilizer nutrients have similar production cost woes. Converting phosphate rock from a raw product to its fertilizer-use form is a little different process that involves surface mining. The soil and rock covering the phosphate must be removed using large draglines that are often five stories high. These draglines are very large and very expensive pieces of equipment that operate using electricity, which has gotten even more expensive. This puts phosphate-based fertilizers in a similar situation as ammonia conversion plants, looking to supply the product at a lower cost elsewhere. And, again, though potash production is done via mines for potassium, they also operate on electricity. These mines are anywhere from a kilometer to a mile underground, around the world, with only about 10 countries that produce potash and even fewer countries that export the product, causing a further tightening of supply.
…..Hurricanes, ice storms, labor issues, additional manufacturing capacity and infrastructure breakdowns, including rail logistics issues and increased freight rates, have caused even more production and distribution disruptions.
Trade Duties
Along with increased shipping rates for the 44% of fertilizer that is exported across the world, anti-dumping trade dispute cases are also likely increasing fertilizer costs, though there is not enough current publicly available data to indicate by how much. In 2018, U.S. imports of fertilizer materials from Morocco and Russia were up over 2.4 MMT. Then, the anti-dumping case was filed against those countries and imports to the U.S. from Morocco and Russia declined. Mosaic, the largest U.S. producer of phosphate, won the anti-dumping case and a 30% tariff was applied to phosphate imports. CF Industries, the largest U.S. producer of UAN, applied a similar case to Russia regarding liquid nitrogen. In 2019, U.S. fertilizer imports from Morocco were just about 2 MMT, up 11% compared to 2018, while fertilizer imports from Russia were 729,288 MMT, down about 16% compared to 2018. Purchases have shifted to other countries, so U.S. imports of ammonia and phosphate are now arriving from countries like Saudi Arabia, Jordan, Australia, Mexico, Lithuania and Egypt. This shift is in search of other imports that are more likely to arrive at a price lower than an applied tariff rate, but are likely still to be slightly higher than the going global price due to applied transit costs.
Other trades disruptions have played a big role in fertilizer availability and cost. As mentioned earlier, these things build on each other. Sanctions from the European Union have been applied to Belarus and the U.S. has followed the same process to apply sanctions. As Belarus contributes about 20% of global potash exports, these sanctions have slowed and even stopped shipments of potash to the EU and the U.S. According to TFI, these sanctions are also discouraging other countries from buying from Belarus, forcing an overall lessened contribution of global potash supply.
At the end of September, China applied an export ban on phosphate due to rising costs of production and domestic use. With China accounting for 25% of phosphate fertilizer exports globally, this export ban puts even more pressure on prices. There is potential for China to also apply an export ban to urea; China contributes about a 10% share of global urea exports.
Other Geopolitics
In addition to trade disputes, countries are implementing policies that impact global prices. For example, India has approved an additional $3.8 billion to increase the fertilizer subsidy for its farmers, causing fertilizer demand in India to continue to rise, pushing prices even higher for global buyers.
Impact
2022 Planting Intentions
Given all these factors, fertilizer prices are expected to remain high through springtime, which may compel some farmers to shift planted acres away from corn to commodities that use fertilizer at a lower rate, like soybeans or wheat.
With the price of ammonia about 85% correlated with the price of corn, farmers must consider whether the increased cost of fertilizer and other inputs can be recovered by cash receipts from crop revenues in order to break even. There are also expectations retailers will have to turn customers away because they will not be able to deliver fertilizer products on time, increasing the need for supply chain and infrastructure improvements.
2021 Tax Implications
When keeping financial records, business owners have two accounting methods to choose from – cash basis accounting or accrual accounting. The difference between the two methods lies in the timing of when farmers record sales and purchases. Under the cash basis, revenue is recorded when cash is received from customers, and expenses are recorded when cash is paid to suppliers and employees. Under the accrual basis, revenue is recorded when earned and expenses are recorded when consumed.
The IRS allows farmers to use the cash method of accounting for their tax returns, and most choose this option. Cash accounting requires income from selling farm products to be reported in the year they are sold, which may differ from the year in which they were produced. Likewise, under cash accounting, the costs of farm inputs and services are reported in the year in which they are paid for, which may differ from the year in which they are used.
The fact that the cash method is utilized by most farmers is important in the discussion on fertilizer prices. Many farmers will purchase inputs needed for the next growing year, like fertilizer, in the waning months of the calendar year to reduce farm income and subsequently reduce their tax liability in the current year. This year, many farmers have been unable to purchase their fertilizer for 2022 and as a result, will likely face a higher tax bill in 2021.…..
Summary
U.S. agriculture production costs are increasingly important to the near- and long-term viability of U.S. farms. Fertilizer prices are the issue top of mind for farmers heading into 2022 since fertilizer costs account for approximately 15% of total cash costs in the U.S. All major crop production nutrients have experienced increased prices when compared to September 2020: ammonia has increased over 210%; liquid nitrogen has increased over 159%; urea is up 155%; MAP has increased 125%; DAP is up over 100%; and potash has risen above 134%.
While this information helps to understand the factors causing one of the farmers’ biggest concerns, it does not alleviate the rising input costs that are out of their control. Many farmers feel these rising input prices are taking away all the momentum provided by the higher commodity prices that were going to help them break even or be just above the bottom line.
I did think it was kind of funny. I saw it as making fun of people like that who we all know exist by the millions. You and I aren’t watching SNL but the people who do have a very high percentage of people who are being made fun of. I’ll support every effort to red pill that group.
I guess we’ll find out if Chyna starts launching strategic attacks on certain laboratory locations?
Not really.
Medicare part A is hospitals, B is doctors, D is drugs, G is gap.
Do the signups 3 months before turning 65.
If you’re under 65 and getting soc sec, you get signed up for A & B automatically*, then all you need to do is sign up for D and G.
*Medicare sends you the card for A & B.
After you are signed up for D and G you get those cards from the companies offering the plans.
G pays the 20% that Medicare doesn’t.
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