Doug2014

Buy, Sell, or Hold Fertilizer Stocks: Agriculture Bust (Part II)

My grandma told me a couple of stories about their farming and rain. When they would plant corn and the floods would come there was not enough time to let things dry out and re-plant corn. There was however, time to plant soybeans with a shorter growing season. Soybeans make their own nitrogen. I read somewhere that corn uses 57% of fertilizer. At the end of the season more fertilizer will have been used but not as much as Potash shareholders dreamed of in the winter. Having said that I started accumulating Deere in their DSP. Very boring, but Deere's a different company than when I played with toy tractors.