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| About 45-48 years ago....cut me some slack as I have been up all night.....the oil companies SUDDENLY discovered fertilizer enjoyed some potential demand.
The race was soon on. Little print shops all over America enjoyed a couple of years of added income printing 4-color presentations of pie charts....graphs....and slick brochures.
I'll try to remember some of the names -Sohio, Sinclair, American Cy jumped in with both feet. They grabbed college graduates to manage little fertilizer installations throughout the ag areas.
I think--around 1965 or 1966 I was able to buy anhydrous (semi loads) for 5 cents per unit of N & the rail freight on 0-0-60 was greater than the cost of the 0-0-60.
The Presentation being made to investors and boards by some very intelligent folks are possibly very colorful....their assumptions on the pro-formas MUST incorporate some pretty fancy prices for grains & oilseeds.
My pie chart of personal incomes (doesn't exist-the chart) suggests even with moderate growth in the developing nations....SOMEONE will have to come up with money to buy all this stuff, sooner or later.
I am tickled pink about all the excitement, but sold out some MOS yesterday and think I'll say bye-bye to Bunge & the rest of the MOS today or tomorrow.
As far as I am concerned....the concept is tantalizing....the long term potential is there....except it smacks of the same old story....just a different crowd.
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Again?
