1000 workers laid-off indefinitely......

[boarderbloke]

at Mosaic, in Saskatchewan.

[boarderbloke]

gonna reduce supply, i guess.

[SASKFARMER3]

Lets Create a Shortage. Oh just throw people out of work. That's a good one coming from the CEO who lives in USA. Yea this guy is a winner takes his 14 million a year salary and goes home. And those who say fertilizer isn't a game come on.

[bucket]

Bins are full. China has said they won't pay the extortion fees for potash. Cash flow will be tremendous - right.

I realize Mosaic(cargill) doesn't give a shit about farmers. BUT they will have to explain this nonsense to their shareholders. They have done the same thing with phos.

Having a pie in the sky price but selling nothing is still nothing. Having a realistic price that moves product, creates cashflow, and keeps people working is what the economy needs right now. Mosaic has the opportunity to do just that and they choose this course.

Really makes me wonder.

[jensend]

what mosaic wants for potash today - at what price levels would grains be equally ridiculous and kill demand?

[classicalliberal]

Grain prices from the summer. I don't give a shit about the consumer, I took advantage of it.

[SASKFARMER3]

Yea and canola went up in the store shelves etc. Bread went up etc. Meat went up etc. Every thing went up, but guess what Our price dropped yet where in the food chain has the price dropped, yet Fuel, shipping etc all have dropped. Yet you believe the system works.

[classicalliberal]

Yes, I believe in the system as well as survival of the fittest, because we hedge our price risk so I don't have to deal with the downside risk. I suggest you do the same and stop trying to think everyone is screwing you. I hate that kind of attitude that many farmers have. There are so many steps involved from field to fork and if you think everyone is making too much money in the middle, I suggest you get into the business against them or at least invest in them.

[Hopperbin]

Saskfarmer perhaps we should be lucky our produce has not fallen as much as gas. I am still filling my car with 1.10 gas, now it is in the low 50s for farm gas. Or lucky we are not in the shipping business at the moment. Bitch bitch bitch you shoulda been a dog.

[SASKFARMER3]

Thanks for the advise Classic so let me get this strait its wrong to complain about the over price of a product that has dropped off the face of the earth in Value but according to you we should pay homage to the fertilizer god and keep paying for their mistakes.
What am I missing just keep paying for over priced product is the answer. Yet when one has a total annihilation of the crop these guys always get paid by most farmers, who just about go broke to cover the bill. Yet when their is clearly a gouging taking place you say one should just shut up and pay the piper. Boy oh boy. That's a good one HA HA HA.

[classicalliberal]

Dude, the fertilizer price dropped by over 50%, just like grain. If it were not for competition and free trade, they would try to sell us fertilizer at the high prices but the demand isn't there at that price. If fertilizer costs more than the gains that it gives you, then you don't put it on, simple as that. This conversation isn't about fertilizer.

[jensend]

the fertilizer co's aren't doing anything different from past years - charging what they think the market will bear. every time there has been a grain price spike inputs have gone up quickly and fallen back slowly to maximum revenues under the new conditions. under today's market it's not gouging it's smart business. just like smart (somewhat lucky) marketers sold their grain in the top quarter or so of the price range last year. wasn't gouging was it - just what the market would bear?