A shortage of nitrogen fertilizer is getting so bad that farmers won’t be able to get what they need for their fields in the near future.
That’s according to executives at CF Industries Holdings Inc., who spoke on an earnings call Thursday. If the owner of the world’s largest nitrogen facility is right and farmers have to scale back fertilizer applications, that could lower corn yields, pushing up the price of food even further. Food inflation is already a concern, with a United Nations gauge of global prices at a decade high.
