re: Local Hardware Store: Fertilizer

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Owner said everything skyrocketed with the Iran War. Said it will most likely continue to climb.

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Yep, it is a strategy Iran has used for a long time to convince America to give them what they want. The difference this time is quite clear.

Iran just got decimated and will not be able to hold up the Strait of Hormuz ever again when the USA, under POTUS Trump and the US military are done with the IRGC.

So people are complaining about the war with Iran causing it?????

Do these same people, the ones who support viva Ukraine, realize THAT is the war causing fertilizer costs to rise?

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Did you use the same person? And was the scenario for the delivery and return trip the exact same?

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It it hard to believe? Price of diesel jumped from $3.50 to $4.92. That's 40% increase in less than a year.

I am so sick of people who shouldn’t have an opinion (your hardware store economist) having one.

2008- Nitrogen was $1200/ton
Then dropped to $400
2014-2016- $800 because we had to figure out the DEF supply chain
Back down to $400
2021- up to $1500
Back down
2026- back up to $1100/ton

Yes, geopolitical events affect fertilizer prices. Yes, it comes back down.

And it’s high, but it’s also the same price it was 20 years ago.

Bet he doesn’t know that the average yield increase in corn is in the neighborhood of 30bu/ac over the last 20 years.

Care to guess what also drives nitrogen high?

High yielding corn. Take millions of acres and then get hundreds of millions of increased yield- which took nitrogen to do it. And here we are. Plus, we make an enormous amount of DEF in the US now, so the supply chain is very sensitive.

Buy your lil bag of 13-13-13 with its 6 pounds of nitrogen in it- worth $10 on todays market and be happy they can get you some P and K in it also and somehow bag it, and distribute it, and the retailer can sell it for a profit.