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Fertilizer Markets: The Clash between Energy, Ag, Weather, Profits, and Policy

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Abstract

Wongpayibovorn et al. examine the US fertilizer market, which, in 2021, was disrupted by extremely cold weather in Texas, Hurricane Ida, and the COVID-19 pandemic. The natural disasters in the southern part of the country paused the majority of fertilizer production, as 56% of ammonia production capacity is located in Texas, Louisiana, and Oklahoma. The extreme weather not only directly impacted fertilizer production, but it also disrupted natural gas production, the major feedstock for nitrogen fertilizers.

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  • Oranuch Wongpiyabovorn & Chad Hart & John M. Crespi, 2022. "Fertilizer Markets: The Clash between Energy, Ag, Weather, Profits, and Policy," Center for Agricultural and Rural Development (CARD) Publications apr-winter-2022-1, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    • Handle: RePEc:ias:cpaper:apr-winter-2022-1
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    1. Wendong Zhang & Alejandro Plastina & Wendiam Sawadgo, 2018. "Iowa Farmland Ownership and Tenure Survey 1982-2017: A Thirty-five Year Perspective," Center for Agricultural and Rural Development (CARD) Publications 18-wp580, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    2. Wendong Zhang, 2021. "2021 Iowa State University Land Value Survey: Overview," Center for Agricultural and Rural Development (CARD) Publications 21-wp629, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    3. Wendong Zhang & Kristine Tidgren, 2018. "The current farm downturn vs the 1920s and 1980s farm crises," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 78(4), pages 396-411, March.
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