Barry Isaacs

The Agriculture Boom Goes Bust

Andrew, read again what you quoted on page 29 of Mosaic's annual report where they said IF they could not recover increases in energy costs through higher prices, THEN there could be a material effect on their business. Well, there have been huge price increases in their nutrients sold that should more than offset the higher energy prices. So you are right. Page 29 said it all. You just have to know what you are reading.