Income Up for Mosaic
The Mosaic Company recorded net farm income of $3.6 billion for the fiscal year. That's up 120 percent from 2021. Company officials cited favorable agricultural markets and low cost phosphate for the annual results.
Articles tagged under: Mosaic
Mosaic Offers Two Biological Solutions
To this point, the crop nutrition focus has been on macro and micronutrients. Mosaic Global Agronomy Director Matt Sowder said the company's philosophy is moving from advanced crop nutrition to a balanced approach. "There are a lot of people in…
Mosaic Cuts Potash Production
Mosaic is temporarily cutting production at one of its potash mines in Saskatchewan. Company officials said farmer demand has been slower-than-expected in the second half of the year. Current inventories are adequate to meet near-term demand.
Hurricane Ian Impacts Mosaic Financials
The Mosaic Company is reporting third quarter net income of $842 million. Profits were influenced by Hurricane Ian and a drop in sales volume. Mosaic said fertilizer application rates are trending toward normal levels this fall after a downturn in…
An Earnings Increase for Mosaic
The uncertainty caused by Russia’s invasion of Ukraine has impacted fertilizer supplies. Mosaic reports higher prices more than offset the downturn in volume. First quarter earnings were just shy of $1.2 billion. That’s up from $157 million one year ago.
Northern Plains Crops Starting to Show Deficiencies
The Northern Plains drought is having an impact on crop health. Mosaic Senior Technical Sales Manager Sherry Koch says crops are showing symptoms of drought and nutrient deficiency. "When we talk about plant mobile nutrients, the lower, older leaves will…
Flood Risk Halts Potash Production at Two Mosaic Mines
Due to the risk of flooding, Mosaic has shut down production at its biggest potash mine in Saskatchewan. Mosaic is building a new mine shaft, but it will not be operational until March of next year.
Countervailing Duties Imposed on Phosphate Fertilizer Imports
The U.S. is imposing countervailing duties on phosphate fertilizer imports from Russia and Morocco for the next five years. The International Trade Commission ruled these imports have negatively impacted the U.S. market. Mosaic sought the investigation, saying the foreign subsidies…
Mosaic Anticipates an Improvement in Fertilizer Demand
The Mosaic Company suffered a $6 million loss in the third quarter. That compares to a net loss of $44 million in the same quarter of 2019. Total sales volume was up three percent from one year ago. MicroEssentials, Aspire…
Fertilize for the Crop You Want
As we gear up for spring, Mosaic technical sales manager Sherry Koch urges farmers to be mindful of what they have and do not have in the soil. "Fertilize for the crop that you are shooting for," said Koch. "For…
