Thursday, May 8, 2025
  • Blog
  • Disclaimer
  • Home 1
  • Home 2
  • Privacy Policy
  • Terms and Conditions
  • Write for us
Advertisement
  • Business
  • LIFESTYLE
  • Travel
  • Health
  • Fashion
  • TECHNOLOGY
  • Entertainment
  • home improvement
  • Lifestyle
No Result
View All Result
  • Business
  • LIFESTYLE
  • Travel
  • Health
  • Fashion
  • TECHNOLOGY
  • Entertainment
  • home improvement
  • Lifestyle
No Result
View All Result
No Result
View All Result
Home Lifestyle

Mike Straumietis Highlights the Factors That Impact Fertilizer Prices

thefeednewz by thefeednewz
September 5, 2022
in Lifestyle
419 4
0
586
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

In this blog post, Mike Straumietis, Advanced Nutrients Founder and CEO, looks at the recent rise in global fertilizer prices and the major factors driving the surge.

With approximately 15 percent of total cash costs in the U.S., fertilizer prices are the top concern of farmers, especially as they start considering their potential purchases for the 2022 growing season. Unfortunately, some farmers report fertilizer prices have increased over 300 percent, with highly unpredictable delivery times.

You might also like

7 Signs Your Cat Loves You

The relationship between Canada and South Korea

The Guide to Turkey Visa Process for UAE and Saudi Arabian Citizens

This is not the first time growers have faced such issues. In April 2008, nitrogen prices rose by 32 percent, phosphate by 93 percent, and potash by 100 percent. Prices remained at this peak throughout 2009 before dropping to pre-2007 numbers at the end of the year.

From Domestic Demand to a Sluggish Industry

The fertilizer price surge of 2008 was largely due to strong domestic and global demand, low fertilizer production, and the difficulty of the fertilizer industry in the U.S. to adjust its production levels. These days, they are affecting prices again, says Mike Straumietis.

The main nutrients used in the production of the country’s primary row crops have all gone through the force of increasing prices. These nutrients include nitrogen (liquid nitrogen, anhydrous ammonia, or urea), phosphorus (monoammonium phosphate – MAP and diammonium phosphate – DAP), potassium, or potash.

Compared to September 2020 prices, it can be noted how ammonia has increased by over 210 percent, liquid nitrogen to 159 percent, urea to 155 percent, MAP to 125 percent, DAP to 100 percent, and potash to 134 percent.

Beyond the Control of Producers

Analyzing the average price of each of these nutrients since September 2008, based on the Illinois cost of production dataset, shows that anhydrous ammonia is up 118 percent, well above its usual $656 per metric ton; urea is up 101 percent from $453 per metric ton; liquid nitrogen up 84 percent from $305 per metric ton; DAP up 50 percent from $550 per metric ton; MAP up 61 percent from $555 per metric ton, and potash up 61 percent from $485 per metric ton.

Mike Straumietis explains that fertilizer is a very popular global commodity. Because of this, it can be influenced by various market factors beyond the reach and control of American producers.

Like other commodities traded worldwide, almost 45 percent of the total fertilizer materials are exported. Export has a significant effect on fertilizer prices since the production of fertilizer is not only affected by what is happening in the place it is produced or the cost of production in the said area but also by the demand for fertilizer products from other countries and the shipping rates to get the fertilizer to its destination.

The Top Six

Around a third of all fertilizer demand worldwide is driven primarily by six major crops. On the global stage, corn takes 16 percent of farmers’ demand for farm use, with wheat a close second, at approximately 15 percent. Next, rice represents about 14 percent, vegetables at 9 percent, and fruits and soybeans at 7 and 5 percent, respectively.

As one of the world’s largest producers of corn, soybeans, and wheat, the U.S. is naturally also a large consumer of fertilizer. However, through the advancement of technologies and innovation for on-farm products, the requirement and utilization of fertilizer in the U.S. have decreased, even with increased planted acres of these crops.

While the U.S. lowers its overall consumption of global nutrient use, other countries have increased theirs. Mike Straumietis points out that back in the 1960s, the U.S. accounted for 25 percent of nutrient use worldwide. These days, however, America only accounts for about 10 percent of global use, with American farmers representing only 2 percent of that share.

More on Mike Straumietis and Advanced Nutrients

Mike Straumietis leads Advanced Nutrients. The company has developed the first and only complete growing system that optimizes all phases of the vegetative and bloom cycles to bring crops their true genetic potential. As a result, the annual sales of plant nutrients and fertilizers of Advanced Nutrients have reached nine figures, making it a billion-dollar company.

Previous Post

Mike Straumietis on Making Homemade Fertilizers

Next Post

Putlocker – 10 Most Suitable Putlocker Alternatives In 2022

thefeednewz

thefeednewz

Related Posts

7 Signs Your Cat Loves You
Lifestyle

7 Signs Your Cat Loves You

by thefeednewz
April 4, 2025
The relationship between Canada and South Korea
Travel

The relationship between Canada and South Korea

by thefeednewz
March 7, 2025
The Guide to  Turkey Visa Process for UAE and Saudi Arabian Citizens
Travel

The Guide to Turkey Visa Process for UAE and Saudi Arabian Citizens

by thefeednewz
February 28, 2025
The process of obtaining an Indian visa for Brazilian citizens
Travel

The process of obtaining an Indian visa for Brazilian citizens

by thefeednewz
February 24, 2025
Asenra Is A Prescription Medication That Is Used To Treat Severe Asthma
Lifestyle

Asenra Is A Prescription Medication That Is Used To Treat Severe Asthma

by thefeednewz
February 24, 2025
Next Post
Putlocker – 10 Most Suitable Putlocker Alternatives In 2022

Putlocker - 10 Most Suitable Putlocker Alternatives In 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

What are the Most Important Traits of Successful Private Equity Firms

What are the Most Important Traits of Successful Private Equity Firms?

April 4, 2022
Visa

Bridging Cultures: A Guide to Indian Visa for Palestinian Citizens

May 10, 2024

Categories

  • 0x0 0x0
  • ADVENTURE
  • anzn
  • Ashley Furniture
  • auroson
  • Business
  • Capitec
  • cashcrusaders
  • CONSTRUCTION
  • DIGITAL MARKETING
  • EDUCATION
  • Entertainment
  • Falcon
  • Fashion
  • filmy4web
  • filmy4web-in
  • Food
  • Health
  • home improvement
  • LIFESTYLE
  • Lifestyle
  • LottoStars
  • my5 activate
  • Online Earning game
  • pep home
  • pephome
  • Real Estate
  • salaah times cape town
  • sassa status check for r350 payment dates
  • SERVICE
  • simpcity
  • SKIN CARE
  • SOFTWARE
  • Sports
  • StripChat
  • TECHNOLOGY
  • This is the complete information about the sassa status check for r350 payment dates now here you can read this sassa status check for r350 payment dates
  • Travel
  • Trinidad Valentin
  • Uncategorized
  • World
  • WPC2027
  • xoli mfeka
  • yatto
  • yellowsubtrading

Don't miss it

7 Signs Your Cat Loves You
Lifestyle

7 Signs Your Cat Loves You

April 4, 2025
The Fascinating World of Slot Mahjong: A Deep Dive into Its Origins and Popularity
Entertainment

The Fascinating World of Slot Mahjong: A Deep Dive into Its Origins and Popularity

April 1, 2025
Why Re-Roofing and Roof Restoration Are Both Essential for Long-Term Roof Health
home improvement

Why Re-Roofing and Roof Restoration Are Both Essential for Long-Term Roof Health

March 17, 2025
The relationship between Canada and South Korea
Travel

The relationship between Canada and South Korea

March 7, 2025
How Much Do Companies Charge For A Car Transport Service?
SERVICE

How Much Do Companies Charge For A Car Transport Service?

March 5, 2025
The Guide to  Turkey Visa Process for UAE and Saudi Arabian Citizens
Travel

The Guide to Turkey Visa Process for UAE and Saudi Arabian Citizens

February 28, 2025

Fab Swing

We bring you the newly breaking news that will in include news, technology, Travel, Lifestyle blogs etc.

Categories

  • 0x0 0x0
  • ADVENTURE
  • anzn
  • Ashley Furniture
  • auroson
  • Business
  • Capitec
  • cashcrusaders
  • CONSTRUCTION
  • DIGITAL MARKETING
  • EDUCATION
  • Entertainment
  • Falcon
  • Fashion
  • filmy4web
  • filmy4web-in
  • Food
  • Health
  • home improvement
  • LIFESTYLE
  • Lifestyle
  • LottoStars
  • my5 activate
  • Online Earning game
  • pep home
  • pephome
  • Real Estate
  • salaah times cape town
  • sassa status check for r350 payment dates
  • SERVICE
  • simpcity
  • SKIN CARE
  • SOFTWARE
  • Sports
  • StripChat
  • TECHNOLOGY
  • This is the complete information about the sassa status check for r350 payment dates now here you can read this sassa status check for r350 payment dates
  • Travel
  • Trinidad Valentin
  • Uncategorized
  • World
  • WPC2027
  • xoli mfeka
  • yatto
  • yellowsubtrading

Browse by Tag

American Visa application Bitcoin business business visa Cambodia Visa Canada canada visa Canada Visa Application Canadian Visa Champions League Citizens Derma PCD Franchise Egypt Visa Explore Bali Golden Globes 2018 Grammy Awards Harbolnas health Indian Visa Indian Visas Litecoin Market Stories Medical Visa New Zealand New Zealand visa PCD Pharma Franchise PCD pharma franchise Company PCD Pharma Franchise Company in India Pharma Franchise Pharma Franchise Company in India Saudi Arabia Saudi Visa Spanish Citizens third party manufacturing tourist visa Travel Turkey Visa Turkey Visa Application Turkish Visa United Stated USA visa Us Visa Vietnam Visa VISA

© 2022 Designed by Feed News

No Result
View All Result

© 2022 Designed by Feed News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In