ECONOMIC STUDIES AND EXPERT FORECASTS
Economic studies and expert forecasts predict growing demand for nitrogen fertilizer.
- A feasibility study conducted by North Dakota State University in 2012 concluded that the demand for nitrogen fertilizer “is more likely to increase than it is to remain stable or decrease” over the next several decades.
- The development of the Northern Plains Nitrogen plant and other facilities will help make North Dakota a more self-sufficient producer of fertilizer. As Joe Brinks, manager of Alliance Ag in Bismarck-Mandan told the Bismarck Tribune, “It’s just going to change the logistics of it.” (http://tinyurl.com/nkzouy6 )
- “Forecasts estimate the world’s population at nine billion by about 2050…In North America during the past 40 years, farmers have actually been able to use less land while tripling food production.” (The Fertilizer Institute, http://tinyurl.com/l94rov6)
- “As the largest importer of nitrogen in the world, most of the nitrogen imported into the United States is in the form of anhydrous ammonia and urea.” (The Fertilizer Institute, http://www.tfi.org/statistics/statistics-faqs)
- According to one estimate, “a single oil well in the Bakken or Three Forks formations could produce enough gas to convert into more than three tons of anhydrous ammonia daily, which is enough fertilizer for 33,000 acres of wheat and 16,000 acres of corn.” (NGI’s Shale Daily,http://tinyurl.com/k39ef9k )