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Fertilizer Prices Likely to Increase02-26-09 | News

Fertilizer Prices Likely to Increase




Vice President Dave Heegard.
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Predicting the direction of fertilizer prices in the current economic climate is about as easy as forecasting the weather or knowing how the stock market will respond on any given day. But Dave Heegard, vice president and general manager of LebanonTurf, says if he were betting, he would put his money on prices going up in advance of what he thinks will be very strong spring demand. ?EUR??,,????'?????<

For example, Heegard says, ?EUR??,,????'?????<

The tide began to turn late in 2008. As prices for corn, soybeans and other commodities declined by as much as 50 percent from their summer highs, and the price of natural gas (which typically accounts for 80 to 90 percent of input costs for anhydrous ammonia) followed suit, wholesale fertilizer prices dropped for the first time in six years, according to the American farm Bureau Federation. Anhydrous ammonia, which had sold for $1,000 to $1,200 per ton, fell into the $500-per-ton range, while urea dropped from $850 to $350 a ton.

Have prices stabilized, or will superintendents and course owner/operators see more volatility? ?EUR??,,????'?????<

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Source: Bill Bryant

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