Recession leaves farmers between a rock and a hard place
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Potash Investing News reports potash industry booming with the current recession.
Farmers may skip using potash fertilizer for a year without a significant effect on yields; however, missing more than a year can have a large impact. Many farmers have already forgone fertilizer applications over the past 12 months. ”Fertilizer customers have been slow to return to the table, but they cannot defer purchases indefinitely,” Potash Corp President and Chief Executive Bill Doyle said at the company’s annual meeting. “Many major markets are showing signs of having de stocked their inventories and must rebuild their supplies.”
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