An ag economist says the cost and availability of nitrogen could limit global corn production during the next growing season.
Kevin McNeil with Farmers Business Network says natural gas supplies that help create nitrogen are extremely tight. “We think the rest of the world especially in Europe, especially in South America where they don’t have natural gas inventories like we do in the U.S., they’re going to face really, really steep challenges getting low-cost nitrogen.”
He says the last two years nitrogen costs have increased 400 percent and in Europe it’s jumped 3600 percent, but there’s good news for U.S.
