CEO’s of national ag input groups pinpoint price and supply culprits
The leaders of three national ag input groups say multiple factors are contributing to ag input supply shortages and record high prices.
Corey Rosenbusch, CEO of The Fertilizer Institute says their main message to the industry is a reminder that fertilizer is a global market, with about 90% of fertilizer consumed outside of the US.
“So whether that’s blockages that China is putting on all of their phosphate and nitrogen to natural gas prices and Europe shutting down 40% of their nitrogen plants – all of these come together to effect what happens on the global scene.”
Ag Retailers Association CEO Darren Coppeck tells Brownfield government-imposed import tariffs on ag inputs aren’t helping.
“It is really bad timing to increase the price and reduce the supply of these products at the same time we are having all of these other issues. We have certainly been taking that message from retailers to Washington that says this is not helpful.”
CropLife America CEO Chris Novak says manufactures are still playing catch up from disruptions during weather events like Hurricane Ida.
“I know that our companies are working extremely hard. They certainly would prefer to have products to sell, and I know they are working very hard to ensure farmers have what they need for the spring crop.”
Brownfield interviewed Coppeck, Novak and Rosenbusch during the 2022 Illinois Fertilizer and Chemical Association Convention in Peoria.