RE:RE:RE:RE:RE:RE:RE:Missing Kavern....Every business has inputs and outputs.
The best businesses control the price of their inputs and outputs.
An average business is a price taker at one end - either at the input or output.
A poor business is a price taker and the input and out put.
Farmers are prices takes at both ends. They pay whatever the fertilizer vender says they have to pay. The sell for whatever the buyer says they get.
The increase in fertilizer prices is great for fertilizer companies (they are average businesses, that are price takers on nat gas, and price seters on fertilizer). The increase in food prices is great for the food supply chain - wholesalers, retail venders etc (Costco, Walmart etc can expect increased sales), but doesn't feed back to farmers.
I wouldn't be surprized if after I've sold out of oil in a couple of year, I'll be buying farms. Farms may be about to have a series of very bad years, resulting in a lot of bankruptcy. Higher interest rates, higher feul costs, higher fertilizer costs, higher just about everything else costs - and stuck with whatever their buyer's will pay.
About the only problem fertilzier companies will be facing, is writing off accounts recievable.