CROPS NEWS
Mosaic 2nd Quarter Net Up 0.8%
Fri Jan 4, 2013 11:52 AM CST

(Dow Jones) -- A slowdown in fertilizer shipments to Asia weighed on Mosaic Co.'s fiscal second-quarter earnings, although overall profit edged higher on a significant tax benefit.

The Minnesota-based fertilizer company, one of the world's largest potash and phosphate fertilizer producers, reported second-quarter operating earnings fell 30%. The decline was due mainly to lower phosphate volumes and prices, the company said.

Despite that pressure, net profit climbed 0.8% thanks to an income-tax benefit of 42 cents a share, and the results beat analyst expectations. Shares were recently up 2.6% to $58.30.

Even amid strong U.S. demand, the market for potash ...

Quick View
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Cattle Market There may be a little less bull in this fall's calf market, but the fundamentals still spell oppo...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 1 With sub-$4 corn forecast for multiple years, growers need to make a preemptive strike on their 2...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Senior Partners - 5 This fatherly financial advice is meant to prevent heartaches should the farm economy suffer anot...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl answers readers' questions on depreciation recapture, defining a "true" lease and ...
  • Ask the Vet Does my calf have a hernia and is it repairable?
Related News Stories
Nitrogen Plans Altered
Dr. Dan Talks Agronomy
DTN Retail Fertilizer Trends
DTN Fertilizer Outlook
DTN Retail Fertilizer Trends
DTN Retail Fertilizer Trends
Parallels to 1997
Co-op Backtracks on N Plant