In the early days of the COVID-19 pandemic, the U.S. fertilizer industry and its employees acted quickly and were deemed as “essential” to the U.S. economy. Globally, despite the fears of widespread demand destruction and disruption to supply and trade, fertilizer demand remained broadly robust and producers largely avoided prolonged stoppages as numerous countries also designated the industry as critical to food security.
In Part 1 of this webinar, John Dunham will provide an overview of the exclusive “2019 Economic Impact of the U.S. Fertilizer Industry”, including how the industry contributed $130 billion to the economy and generated more than 487,000 jobs. You’ll also learn about the tools available to help promote the importance of our industry.
In Part 2, Humphrey Knight will review the current pandemic demand/supply landscape for the fertilizer markets and take a deeper dive into key areas, including:
= How the volatile foreign exchange rates have reduced production costs in US dollar terms for many overseas producers, increasing their competitiveness
= Agricultural commodities used as edible oils or biofuels have been hardest hit by the pandemic
= Economic recession and tightening credit availability represent significant downside risks to fertilizer demand after 2020
Knight joined the company in August 2016 and was previously the Fertilizer Team's Cost Analyst contributing to the Nitrogen, Phosphate and Potash Cost Reports. Prior to joining CRU, Humphrey worked as a geologist at a major lead-zinc mine in the...
John specializes in the economics of how public policy issues affect products and services. He has conducted hundreds of studies on taxes and regulation. He is a regular commentator on U.S. economic conditions. His research has been published in a...
Vice President, Legislative Affairs, The Fertilizer Institute
Clark serves as Vice President of Legislative Affairs at The Fertilizer Institute. In this role, he is responsible for directing TFI’s policy advocacy efforts and ensuring the fertilizer industry’s voice is heard on Capitol Hill.