America’s Largest Farm Cooperative Warns Sanctions May Spark Fertilizer Shortages
- Who is trying to kill Americans? Is it Russia or Sleepy Joe’s sanctions??
- America’s Largest Farm Cooperative Warns Sanctions May Spark Fertilizer Shortages
by Tyler Durden, https://www.zerohedge.com/
America’s largest farmer cooperative sounded the alarm Wednesday about possible disruptions of fertilizer supplies from Russia due to Western sanctions on Moscow. CHS Inc., the largest agricultural cooperative in the US, said in an SEC filing that it’s concerned about obtaining Russian fertilizer because of sanctions making it “more expensive and difficult to do business with Russia.”
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CHS warned that sanctions could “cause delays with respect to, or prevent, shipments of fertilizer to us,cause inflationary pressures on and impact our ability to purchase fertilizer, disrupt the execution of banking transactions with certain Russian financial institutions and result in volatility in foreign exchange rates and interest rates, all of which could have a material adverse effect on our business and operations.”
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