The Strait of Hormuz is a vital link in the fertilizer supply chains. “We’ve got about 35 percent of the urea, and about 40 percent of the processed phosphates that go through the Strait of Hormuz,” explains Randy Russell, president/CEO, The Russell Group. With all eyes on the activity in the Persian Gulf, Russell sees continued discussions about additional farm assistance. North Dakota Senator John Hoeven, South Dakota Senator John Thune and Arkansas Senator John Boozman are leading that dialogue. “You hear numbers in the range of $15 to $20 billion, I think there’s still a fairly decent chance we’ll see some more farm assistance.”
