Alberta Farmers See Fertilizer Costs Rise As Grain Prices Rise

Agriculture is an unpredictable activity. Seed prices, fuel expenses and fertilizer costs are constantly changing.

Southern Alberta farmer Gary Standford said this year one of them has taken a big leap.

“Last fall, phosphate fertilizer cost about $ 650 per metric tonne to buy it.

“That’s what makes your roots grow really well on your wheat and canola crops, so right now the price of phosphate is $ 950 a tonne. “

Clyde Graham of Fertilizer Canada said there are many different factors that affect the cost of the product.

Read more:

Foreign demand for Canadian barley drives prices up

“The prices of wheat, canola, soybeans and corn have increased dramatically. This gave a signal to farmers that they should try to maximize their production, ”Graham said.

The story continues under the ad

“In many parts of the world, they tend to increase their fertilizer consumption and fertilizer stocks are limited. “


Click to play the video:







Foreign demand for Canadian barley drives prices up


Foreign demand for Canadian barley drives prices up – February 24, 2021

Read more:

Soil conditions in southeastern Alberta are cause for concern despite recent rains

Standford added that other factors are contributing to the increase, such as the cost of transportation and manufacturing as well as the consideration of global demand.

“A lot of the big money is political. It’s with tariffs and trade wars with other countries.

If the price of grain remains high, it is likely that fertilizer costs will be too.

Stanford said not using the product is not a viable option for most farmers.

Read more:

2020 harvest begins in southern Alberta

The story continues under the ad

“If we don’t have fertilizer and we don’t use fertilizer on our farms, we’re going to have unhealthy crops and poor yields.

Growers won’t know how much fertilizer they’ll need to replenish the cuttings before this year’s harvest – when most will buy what they need for the next planting season.

Stanford said it’s not known if or when the market will experience a downturn, and if not, what the impact might be on the average consumer.


Click to play the video:







The 2021 planting season is underway in southern Alberta


The 2021 planting season is underway in southern Alberta – May 4, 2021

© 2021 Global News, a division of Corus Entertainment Inc.


Source link

About Harry Qualls

Harry Qualls

Check Also

Luxury brands rethink e-commerce strategies as pandemic affects in-store retail

Trade wars and Brexit also create challenges for the luxury sector, according to Hogan Lovells …