Tracking the Fertilizer Supply Squeeze

The video discusses the impact of global fertilizer shortages on US farmers, highlighting that while they are insulated from supply issues, they face rising costs. Fertilizer expenses are expected to take up 50% of farmers' budgets, up from 30%. Despite higher costs, US farmers have access to domestic production and imports from Canada. Rising fertilizer costs contribute to food inflation, affecting consumer prices. Farmers may adjust crop choices, favoring less fertilizer-intensive crops like soybeans and wheat, but high prices for corn, soybeans, and wheat incentivize planting. Increased international demand for US fertilizers is noted, with domestic production largely staying within the US.

What percentage of their budget are US farmers expected to spend on fertilizers this year?

• 30%

• 50%

• 25%

• 75%

Where does the US primarily source its potash for fertilizer?

• Canada

• Mexico

• China

• Brazil

How does the increase in fertilizer costs affect consumer prices at the grocery store?

• It leads to lower food prices.

• It has no effect on food prices.

• It contributes to food inflation.

• It stabilizes food prices.

Which crop is most affected by the increase in fertilizer costs?

• Rice

• Corn

• Soybeans

• Wheat

What is the current market situation for US-produced fertilizers?

• The market is asking for lower prices.

• There is a surplus of supply.

• The market is scrambling for supply.

• There is no demand for US fertilizers.