Fertilizer prices hit record levels amid the war in Ukraine

Soybean harvest
Curt Kimmel, Owner of Bates Commodities in Normal spoke with WJBC’s Blake Haas. (Photo courtesy: WJBC/File)

By Blake Haas

BLOOMINGTON – Amid an invasion of Ukraine, farmers across Illinois are feeling the pinch when it comes to fertilizer prices.

According to Morgan Stanley, Russia and Belarus provide about 40% of the world’s potash exports.

Curt Kimmel, Owner of Bates Commodities in Normal, said the war coupled with the pandemic is sending prices through the roof.

“They (Russia) are talking about not really let exports (like fertilizer) come out to these countries that are kind of against them. So yes, it’s going to remain high in the U.S.”

Latest reports indicate Canada provides about 83% of the potash used in the U.S, while Russia and Belarus provide about 12% of the fertilizer.

“These prices are going to remain high; the nitrogen might come down here a little bit after we get the crop in the ground. These high prices are around to stay. The other thing is we have to look at is inflation, and inflation is going to keep things fairly pricey also.”

A recent report published by the University of Illinois highlights fertilizer prices at the highest point since 2008.

Blake Haas can be reached at Blake.Haas@Cumulus.com.

Blogs

Labor Day – Expanding voting rights for all

By Mike Matejka Because of COVID, there is no Labor Day Parade this year.  It’s always a great event for our everyday workers to march proudly down the street and enjoys the festive crowd. If there had been a parade, this year’s Labor Day theme was to be “150 years of struggle: your right to vote.” …

Is federal mobilization the answer?

By Mike Matejka As President Donald Trump threatens to send federal marshals into Chicago, over the objections of Illinois Governor J.B. Pritzker, recall another Illinois Governor who protested the incursion of armed federal personnel into the city.   Those federal troops, rather than calming, escalated the situation, leading to deaths and violence. Illinois poet Vachel Lindsay…

In these troubled times, to my fellow white Americans

By Mike Matejka Our nation is at a unique watershed in human relations. African-Americans have been killed too many times in the past before George Floyd, but the response to this man’s death is international and all-encompassing. I was a grade-schooler during the Civil Rights 1960s. I watched Birmingham demonstrators hosed and the Selma – Montgomery…

Workers’ Memorial Day – Remember those whose job took their life

Looking around our community, when we say employer, most will respond to State Farm, Country, or Illinois State University.   We too often forget those who are building our roads, serving our food, or our public employees. COVID-19 has made us more aware of the risk.  Going to work every day for some people means…