FarmPolicy

February 22, 2020

Production Costs and Profitability, Vilsack Hearing, and Doha

Production Costs and Profitability

Bloomberg writer Madelene Pearson reported today that, “Global prices for fertilizer and agricultural chemicals are expected to be ‘significantly’ lower in 2009 than the previous year driven by a fall in demand and the global financial crisis, Rabobank Groep NV said.

“Prices for major farm inputs such as crop nutrients have fallen between 60 percent and 75 percent from records reached in mid-2008, the bank, the world’s largest lender to farmers, said today in an e-mailed statement. Demand for farm chemicals is expected to be lower in 2009 than the previous two years, it said.”

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