High grain prices make rising crop input costs survivable | National Newswatch

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High grain prices make rising crop input costs survivable | National Newswatch
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Ottawa-The prospect of strong grain prices in 2023 along with increased sales appears to make the expected higher cost of crop inputs manageable for farmers, says Farm Credit Canada.

Total fertilizer sales grew 35.1 per cent during 2022 to $10.1 billion and are projected to increase by 5.3 per cent to $10.6 billion this year, FCC said. Fertilizer prices have come off recent highs yet remain historically elevated, given uncertainties in global nitrogen capacity. Fertilizer availability in North America appears adequate for the 2023 planting season, with many retailers having already secured supplies.

FCC also projects a 5 per cent increase in sales of farm chemicals and 10 per cent in seed purchases. Last year suppliers were forced to ration availability and sales of these products to ensure all customers had access for immediate use.

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