[ad_1]
John Bennettâs farm is more than 11,000km from the strait of Hormuz, yet the war in the Middle East is having a daily impact on the grain growerâs life. He estimates increased fertiliser costs could strip about $600,000 from his farmâs bottom line this season. âNumbers are big in farming,â Bennett says. âAnd in the end not a lot comes out at the end of the pipe.â But it is not just cost that is weighing on calculations â it is uncertainty itself. Bennett says, for the first time, he cannot properly lock in yield expectations without knowing if fertiliser will arrive or what it will cost when it does. Since the start of this year, the price of urea from the Middle East has nearly doubled, in Australian dollar terms, and is up about 75% since the start of the Iran war
[ad_2]
Source link
Leave a Reply