Fertilizer prices are starting to level off after reaching record-breaking highs, but over the last few months, we have seen the impacts of relying too heavily on foreign suppliers.
So, one Michigan company is hoping to increase the domestic supply of potash. The Michigan Potash and Salt Company is eyeing Osceola County for a new K mine. It sits on a large underground supply of potassium. They hope to have the facility functional by 2025.
Right now, Utah and New Mexico are the only two states producing potash in the U.S.
Currently, we import 96 percent of the potash we use, and just four countries, Canada, Russia, Belarus, and China, produce 80 percent of the global supply.
Related:
Why are fertilizer prices dropping?
Lawmakers want friendlier foreign fertilizer supplies as prices continue to climb
Fertilizer prices are showing a downward trend
