STAFF BLOG AG RIGHT What a change in agriculture!
For those of us old enough to remember them, the late 1980s and early 1990s were a gloomy time for many agriculturalists in the Upper Midwest. Drought and poor commodity prices made it difficult for e... Posted on 5/10/13 at 8:54 AM
CHS corporate officials continue to review the status of the proposed nitrogen fertilizer plant at Spiritwood, N.D., according to Carl Casale, CHS president and CEO. The latest information does not include a timeline for any future decisions.
Increasing use of railroads to ship crude oil could disrupt fertilizer cargo this spring as Midwest farmers prepare for planting, U.S. agriculture leaders warn, even as one railroad said on Monday it will take steps to ensure timely deliveries.
An anticipated announcement on the proposed CHS Inc. nitrogen fertilizer plant in Spiritwood, N.D., was delayed by the company Tuesday.
Annette Degnan, marketing communications director for CHS, said “significantly higher than expected construction and labor cost estimates,” were prompting further review of the project.
The combination of a high valuation and a long construction period has made determining the value of tax incentives for the proposed CHS nitrogen plant in Spiritwood (N.D.) Township difficult, according to Casey Bradley, auditor and chief operating officer for Stutsman County.
CHS Inc plans to build a 26,000-ton fertilizer hub in Lakota, N.D. Operating as part of the Lake Region Grain unit of the company’s Country Operations division, the new facility will exclusively handle dry fertilizer product and benefit from shuttle train access off the Burlington Northern rail line.
Share prices of nutrient companies were demolished Tuesday as investors reacted to news that a big Russian fertilizer company would stop cooperating in a pricing cartel. The move is likely to slash prices for the fertilizer potash.
Sixty percent of all the world’s nutrients applied to fields never make it to the plants. That is an astonishing number, considering the cost of fertilizers. It is also worrisome considering that phosphorus is expected to run out in the next few decades, and nitrogen is not too far behind. So what is happening?
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