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Effects of World Fertilizer Prices on WV Farmers.

Effects of World Fertilizer Prices on WV Farmers. Ed Rayburn West Virginia University Extension Service. Reasons for High Fertilizer Prices. International demand for fertilizers China India Brazil Low value of the US dollar (US exporting N) High natural gas price (ammonia and urea)

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Effects of World Fertilizer Prices on WV Farmers.

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  1. Effects of World Fertilizer Prices on WV Farmers. Ed Rayburn West Virginia University Extension Service

  2. Reasons for High Fertilizer Prices. • International demand for fertilizers • China • India • Brazil • Low value of the US dollar (US exporting N) • High natural gas price (ammonia and urea) • Closed phosphate mines • Flooded potash mines • Bio-energy crop push in US

  3. Crop Prices At Historical High • Corn and hay prices high • Fuel costs high • Cattle prices going down (?) • Can we afford to apply fertilizer to hay and pasture?

  4. Linkages in Agricultural System • Increased energy cost! • Lower demand for beef? • Increased fertilizer cost! • Increased grain cost! • Lower feeder calf prices? • Increased hay cost! • Increased reliance on pasture management?

  5. February 2008 Fertilizer Prices in Bruceton Mills WV • Urea (46-0-0) $630/ton • DAP (18-46-0) $770/ton • KCl (0-0-60) $495/ton

  6. Price per pound plant nutrient.Urea, 46-0-0 0.46 N / lb fert. x 2000 = 920 lb N / ton$630 / 920 = $0.68 / lb N

  7. February 2008 Fertilizer Prices • N from urea $0.68 / lb • P2O5 from DAP $0.84 • P2O5 from DAP discounted for value of N $0.82 • K2O from KCl $0.41

  8. Manage the Manure • Hay fields • $45-$70 of N, P, and K in a ton of hay • Pastures • mineral feeding provides $300 worth of fertilizer per $600 ton of mineral. • Crop land • Collect/protect confinement feeding manure • It is too expensive to feed in the woods

  9. Cash Flow Economics of Nutrient Management(fertilizing for a 2 ton/acre hay yield 57 lbs N) • Urea $39/acre • DAP $17/acre (10 lbs P2O5/ton) • KCl $37/acre (45 lbs K2O/ton) • $93/acre balance N-P-K • 19-19-19 $86/acre (57 lbs N/acre, P-K not balanced) • 0-10-40 $50/acre (legume for N) • Legume N, high P & K soil test, manure management $0/acre

  10. Web Links to More Information. • World fertilizer prices surge 200% in 2007mongabay.com February 20, 2008 • http://news.mongabay.com/2008/0220-fertilizers.html • 2007 FAPRI outlook shows impact of bioenergy expansion and trade resumption in meat products • http://www.card.iastate.edu/about/news/show_release.aspx?id=51

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