Farmers Advised to Purchase Available Fertilizer ASAP
According to UFA Cooperative, Urea, ammonia and urea ammonium nitrate prices are going to continue going up into the next year. Considering the worlds demand continuously increasing while the supply is generally the same, experts are saying farmers with the capabilities to purchase in advanced would be much better prepared come Spring.
Saskatchewan grain producer Norm Hall; vice-president of the Canadian Federation of Agriculture, says higher nitrogen prices will really hit farmers.
“Right now, I’m paying around $70 a tonne more for urea than I did last year,” Hall mentioned.
That breaks down to $7 to $8 per acre, adding up to a potential $40,000 extra on his 5,000-acre operation.
Due to the ambiguous nature of phosphate prices leading into the next year, and bottleneck peak seasons, shortages in routinely used fertilizers are more than likely subject to an increase all over North America.
Sales Perspective- So you might be thinking, if you're a salesperson, how can this information benefit you. Use information like this to " break the ice" with a client. A great way to start a conversation in the sales industry to establish rapport and credibility is to constantly have access to new information that will help the farmer in other ways. By informing your clients of trends like this, it could save them lots of money going into the next season. In addition to that, you just created communication that doesn't relate to buying equipment. Most farmers are reluctant to even engage in conversation, due to the mentality that salespeople are pushy and sales driven. It's a big surprise when they receive a phone call to keep them up on information that will help them in their operations, rather than a pushy salesperson just looking for a sale. Sales professionals should focus on being helpful in more than just a sales aspect; but moreover informative.
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