A Birmingham-based Agribusiness Venture Selected for a Missouri-based Startup Competition.
Manure tech is massively under-hyped, but that’s going to change in the coming months and years. Why? Let’s dig in.
Fertilizer prices are out of control
Firstly, the major news right now is that fertilizer prices are soaring – and there’s no real relief in sight.
All fertilizer prices have increased substantially in 2022, with most exceeding January 2021 prices by over 100%, according to DTN. The Russian invasion of Ukraine is not helping matters; according to Reuters, in 2021, Russia and Belarus together produced 40% of global potash exports, and Russia alone was responsible for 22% of global ammonia exports, 14% of urea exports, and 14% of monoammonium phosphate exports. Russian export suspensions hit Brazil and the EU earlier this month.
This is a massive problem. But it’s also a solvable one that I believe presents a long-term opportunity for farm operations.