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Tensions in the Middle East threaten the supply of nitrogen fertilizer, the American Farm Bureau federation’s Market Intel service said in a report released Tuesday.
“Farmers and ranchers should not expect major export disruptions, but they should remain alert to the secondary effects of conflict: rising energy costs, shifting fertilizer markets and higher transportation insurance premiums,” Danny Munch, a Farm Bureau economist, wrote. “In a global system where pennies on the bushel can determine export success, even remote tensions can ripple into the realities at the American farm gate.”
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