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Fertilizer101
Understanding
Question | Answer |
---|---|
What are the three nutrients used to fertilize a field? | Nitrogen (N) Phosphorous (P) and Potassium (K) |
What does Nitrogen do for a crop? | Yield and Quality (synthesis of protein) |
What does Phosphorous do for a crop? | Plant growth and yield (limiting nutrient) |
What does Potassium do? | Taste and nutritional value |
In what form is nitrogen used? | ammonia NH3 and is also the foundation for other fertilizers |
In what form is phosphorous applied? | monoammonium phosphate MAP or diammonium polyphosphate DAP |
What are the feedstocks to produce ammonia nitrogen fertilizer? | Air and natural gas |
What is phosphate derived from? | Phosphate rock with the help of sulfur and ammonia |
In what proportions are the fertilizers used around the world? | N 60%, P 24%, K 16% |
What is a common potassium fertilizer? | muriate of potash |
What are the drivers of fertilizer prices? | Inputs (50%) wages (8%) Fuel (10%), Trasportation, Supply and Demand disruptions (weather mostly) |
Does Nitrogen Fertilizer (ammonia) correlate with natural gas prices? | Natural gas prices are falling while ammonia is rising. |