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00:02Brazil's agricultural dominance is under pressure as the U.S.-Israeli war with Iran
00:06sends fertilizer prices soaring, squeezing farmers who rely heavily on imports, according
00:12to Reuters.
00:13About a third of global fertilizer flows have been blocked in the Strait of Hormuz since
00:17the war began, prompting many Brazilian farmers to cut purchases due to heavy import reliance.
00:22The U.S. remains largely insulated by domestic production.
00:26Brazil's farmers, facing September spring planting, are buying fertilizer at elevated
00:31prices while U.S. farmers had largely completed purchases before the conflict.
00:35Many Brazilian farmers have cut back on fertilizer purchases, which analysts warn will reduce
00:40yields and deepen debt.
00:42U.S. farmers hold an advantage because their richer soils can sustain average yields even
00:47without fertilizer for a season, an option few Brazilian farmers have.
00:51For all things money, visit Benzinga.com.
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