Posted on 03/27/2022 12:58:12 PM PDT by RomanSoldier19
BOTH Oil and wheat have doubled in the last 122 months.
Both are likely to double again.
https://tradingeconomics.com/commodity/crude-oil
https://tradingeconomics.com/commodity/wheat
So has lumber
https://tradingeconomics.com/commodity/lumber
Russia is in the top 3 exporters of the above commodities.
12 months
It’s spread out all over the globe.
Russia doesn’t have a monopoly on it.
It’s spread out all over the globe.
Russia doesn’t have a monopoly on it.
Like Slow Joe is gonna let us make more of anything.
So, I think most us farmers bought fertilizer on the way up in the late fall early winter. We paid more and may have cut back a little to justify, but you gotta have it. My realization is what will happen this fall if it does not go down. Or will it be like gasoline at 4 and then we will think it is cheap at 3??. And there is also a rail strike in Canada where we get fertilizer supplies.
The point is that fertilizer has tripled to quadrupled. Yes, beans, corn and wheat have gained which is helpful, but what about beef and grass and hay??? Beef has not gained at the farm level. I guess we will have to take the Bill Gates route and go all SYNTHETIC beef. Yuk!
So, like anything, we can adjust for one year I suppose. But when you see SloJo or Kamalahahahaha for the forseeable future it does cause indigestion for the farmer or small business person.
My buddy who farms said the Midwest farms go almost 100% non manue fertilizer, and that’s where the bulk of all grains come from. The northeast/east coast farms are a drop in the bucket production wise to the Midwest
His fertilizer was $400/ton last year, this yr $1000/ton
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