Nutrien is reporting $1.4 billion U-S dollars in net earnings, and $2.6 billion in earnings before interest, taxes and amortization. 

Ken Seitz, Nutrien’s Interim President and CEO says global agriculture and crop input markets are being impacted by a number of unprecedented supply disruptions that have contributed to higher commodity prices and escalated concerns for global food security. 

A key impact is the ongoing war between Russia and the Ukraine, and the sanctions imposed on Russia, one of the top six biggest fertilizer exporters in the world.

Seitz notes the situation emphasizes the need for long-term solutions that support a sustainable increase in global crop production.

With that in mind, Nutrien announced plans in March to increase potash production by nearly one million tonnes due to the global uncertainty.

Nutrien operates six potash mines in Saskatchewan, and is considered the world’s largest provider of crop inputs and services, producing and distributing about 27 million tonnes of potash, nitrogen and phosphate products world-wide.

You can view Nutrien's first quarter financial statements here.

More Ag News

Airdrie welcomes newest $50 million snack facility

From left to right, Nate Horner, Minister of Agriculture, Forestry and Rural Economic Development, Yousif Al-Ali, President and CEO, Super-Pufft Snacks Corp and Airdrie Mayor Peter Brown..captiontext…

G7 Agriculture Ministers meet in Germany

Canada’s Minister of Agriculture and Agri-Food, Marie-Claude Bibeau, meets with other G7 Agriculture Ministers in Stuttgart, Germany - Photo Credit: BMEL/Photothek.captiontext G7 Agriculture…

Seeding underway south of the border

.captiontext Seeding in the United States has ramped up over the past couple of days. Dan Basse is president of AgResource Company in Chicago. "We are finally getting at the seeding here in the last…

Canada's 2021 Census of Agriculture

File Photo.captiontext Data from the Census of Agriculture indicate that trends identified in previous census cycles, such as industry consolidation and aging of farm operators, have continued in…

Satellite changes could shutdown farmers

Photo Courtesy of Matt Yanick.captiontext There's a key change coming up next week for farmers that use WAAS - a Wide Area Augmentation System - for Precision Agriculture. Matt Yanick, President and…

DiscoverMooseJaw.com is Moose Jaw's only source for community news and information such as weather and classifieds.

Search the Biz Guide

Login