Josh Linville - Fertilizer Market Breakdown: Nitrogen, Phosphate, and Potash
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Well, those were demand-driven rallies. Those were both ethanol-based. They boosted corn pricing. And so everything chased after that price on the way up. And then the second all that demand started to fall out and there wasn't anything left, it's flat. It all fell back down to the ground. Guys, this thing has been going on since late 2020, early 21. We have never seen a high-priced market like we have for this kind of length of time. And it's not just fertilizer. It's grains. It's everything across the board. It was crazy. Kind of easy, kind of exciting. Things were always happening. Every time you picked up the phone, there was some crazy black swan event. It always seemed to help out our situation. Now we're in the great reset.
And great resets never happen because your input prices fall. It's always the other way around. It's always the grain prices go down. Then all the other inputs are like, boy, that stinks. I ain't going to drop my price.
Ladies and gentlemen, farmers, ranchers, and distinguished guests, thank you for listening to the Farm for Profit podcast, where we discuss the latest ideas, methods, trends, and techniques available to help your farm achieve higher levels of farm profitability. Remember, if you aren't farming for profit, you won't be farming for long.
And listeners, welcome back to the Farm for Profit podcast. You got Tanner here. Corey's here.
And Dave's in the studio.
Oh, my God, he's back. He's back, in fact. I'm back? No, Dave.
Oh, I was on vacation for a little while.
That's all you do is vacation.
All summer long. That's all you do is just vacation all summer. Hey, that's what the farmers do.
You farm now, so you've been at the lake, right? You do look more tan. I am definitely more tan. Which is crazy because it's, Some are here.
Yeah. But Dominican Republic is a little closer to the equator.
What do they call it? The UV? The UV was a little bit more intense?
I'm guessing, yeah. And I was like 100 SPF all day, every day. Huh.
Uh-huh. That's pretty good. Listeners, thank you for coming back and joining us. Hopefully this episode provides you a lot of value. And we're excited this fall to put really great content in front of you to help your farm grow. making sure that it sustains itself through this tough times, the tighter margins. We're going to try and give you the best advice and connect you with some of the best experts that we know. If you've got an expert that we should talk to, 515-207-9640, farmforprofitllc at gmail.com or bug Corey out there on the social channels. We'd love to hear from you because that's the only way we get better. We make sure we put the content out that they want to hear. Yes, we do. Well, Corey, we had Todd Dale on here from Estes Concaves to talk to us about getting our combine set for wheat harvest, small grains. Yep. And we're getting ready to start preparing for soybeans here in the Midwest.
Yeah, getting ready for all the fall harvest crops, getting our combines ready, giving them the once over, twice over, you know, trying to get through the shops and all that. And, you know, one of the best things you can do for harvest is to make sure your machine's ready to go. Because an inefficient combine, especially in these markets, if you're leaving... kernels out there on the ground or reduce quality anything like that anything that we can do to help not do that would be great So welcome back, Todd. You gave us all those tips for small grains. How did the wheat harvest and everything go?
I think it went really well. So we had quite a bit of feedback on our new system, and it was all as good as it's been with the new XPR3s for the wheat harvest. And we're still – I'm actually right now in South Dakota where they're just getting into their spring wheat crop. So the winter wheat's done and harvested, and we're far enough north here from – This line that I'm at now, about central South Dakota from here north, it's pretty much all spring wheat. And then we're just about right on the line where they do get some winter wheat. Winters aren't too terribly hard. And several of the folks have said, hey, I saw your guys' last podcast. Tips seem to work all right for them. So I guess we did okay in most regards.
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