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
  • Betting on Shorter Beans Researchers at the University of Nebraska and Purdue University have pinpointed a gene that produ...
  • Super Food Silage has never gone out of fashion in Bath County, Kentucky, even when the lure of $6- to $8-pe...
  • Farmers Pivot Back After Storms The majority of center pivots damaged by severe weather earlier this summer in Nebraska are up an...
  • Pick Contingency Plans - 3 As crop prices and insurance coverage swoon, farmers may need to supplement incomes with federal ...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • AFBF Appeal The American Farm Bureau Federation asked a federal appeals court to reverse a lower court's Sept...
  • Pick Contingency Plans - 2 Commodity payments are largely capped at $125,000 per person. People must also report under $900,...
  • Ask the Vet Some tips on fly control.
Related News Stories
Dr. Dan Talks Agronomy
Brazil Fertilizer Production Stagnant
N and Soybeans
DTN Retail Fertilizer Trends
DTN Fertilizer Outlook
Farming on the Mother Road - 5
DTN Retail Fertilizer Trends