These soils would have less of a corn yield than soils with a rating higher than 65. Under the proposal, people can’t install a solar panel field on agricultural land unless the land they want to install it on has a corn suitability rating of 65 or lower. The bill references Iowa State University Extension and Outreach’s Corn Suitability Rating 2 index, which rates soils by how productive they are. They also must be at least half a mile from other solar panel fields and not less than 1,250 feet from the nearest neighboring landowner. Under the bill, solar panel fields could only be installed on less productive farmland. Iowa lawmakers advanced a bill out of the Senate Agriculture Committee on Tuesday that would place restrictions on where solar panel fields can be installed. Iowa Lawmakers Advance a Bill Restricting Solar Built on Farmland I did not expect to see Egypt urea paper prices up $250 from yesterday settlement, Arab Gulf urea paper prices up $200 from yesterday settlement, etc." "I expected to see bullishness on the fertilizer values globally given Russia's importance on the world export market. "The biggest surprise is the size of the price move," Linville wrote to Michigan Farm News. Linville said urea physical trading in New Orleans (NOLA) reached $160 per ton higher than physical trade Wednesday, representing a 32% increase. According to Josh Linville, director of fertilizer for StoneX Financial, Russia and Belarus account for 19% and 15% respectively of global potash production.
Markets reacted in both directions, with input costs - namely, fertilizers - making major moves to the high side. Already labeled an “unnecessary war” by politicians worldwide, Russia’s military movement has led to human fatalities and mounting uncertainties in the global economy. “Volatility” was the theme of markets Thursday following Russia’s overnight invasion of Ukraine. Markets React to Russian Invasion of Ukraine
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