Fertilizer has been falling lately and depending on who you are talking to the bids are quite variable. If you have not purchased any fertilizer yet this fall now might be a good time to begin to chip away at some inventory. With prices in the 600-700 range, prices are considerably lower than 5 months ago. Do not fall into the trap of continuing to hold out for more extreme pricing. The recent drop may be the reality going forward or it may be a short term downward blip. I don’t think that anyone knows. Many farmers were burnt this past year by not applying the art of incremental selling of their crops by holding out for $20 canola. Incremental buying works under the same principal and is just as effective.
It May Be Time to Start Buying Fertilizer
Shaun Haney
Shaun Haney
In 2008, I started RealAgriculture.com as a hobby that has turned into a dream come true. Getting a chance to see agriculture across Canada, talking to farmers involved in all facets of agriculture makes me a very lucky person. Along with writing for RealAgriculture.com, I also host RealAg Radio on Rural Radio 147 every weekday at 4:30pm est. @shaunhaney
Categories: Fertility
Shaun Haney
In 2008, I started RealAgriculture.com as a hobby that has turned into a dream come true. Getting a chance to see agriculture across Canada, talking to farmers involved in all facets of agriculture makes me a very lucky person. Along with writing for RealAgriculture.com, I also host RealAg Radio on Rural Radio 147 every weekday at 4:30pm est. @shaunhaneyTrending
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I cant agree with you more. It is all about risk management. No one ever buys all their fertilizer right at the very bottom of the market and no one ever sells all their crop at the top of the market. AND IF YOU HAVE YOU GOT LUCKY! Manage your risk and buy a 1/4 or a 1/3 of your fertilizer needs to ensure supply and use a cost moving average.