Tirlán is asking farmers for pledges on fertilizer purchases in 2023 amid market volatility

Tirlán wants its suppliers to commit to fertilizer purchases for the next year to ensure they can secure supplies amid market volatility.

It comes as a subgroup of the National Committee on Forage and Food Security warned this week that farmers should consider committing to securing 20-30% of their total annual fertilizer needs for 2023 in the coming weeks.

It follows a period of widespread market volatility and restrictions in fertilizer production, mainly due to high gas prices across Europe.

As part of a new initiative, Tirlán suppliers will be offered the opportunity to pre-commit to fertilizer purchases for next spring and take advantage of an interest-free payment deferral scheme. This will allow farmers to secure supply now with payments planned over the key supply months in 2023.

The early commitment will help the cooperative plan ahead for phased fertilizer purchases at a time of challenged supply chains and limited availability.

Seán Molloy, Chief Ingredients and Agri Officer, said: “This approach will allow farmers to agree to purchase now but defer payments over a scheduled period with interest-free credit for that period.

“It will allow our team to work with our farmers to plan our purchases from wholesale suppliers as they navigate a challenging market.

“We will not be able to guarantee the supply of fertilizers to customers in the first half of 2023 unless a customer commits to this contractual approach. It is important that we plan our fertilizer purchases now to ensure supplies in spring 2023.”

Initiative to purchase Tirlán fertilizers

Tirlán says farmers who choose not to contract for fertilizer potentially run the risk of not being able to secure sufficient supplies for the coming season.

  • Customers purchasing fertilizers will be asked to agree to a contract detailing the product, agreed quantity, price and approximate delivery date for spring 2023. The product will be split evenly between April, May, and June milk deliveries July 2023.
  • Grain suppliers are also offered a deferred payment option with interest-free credit on contracted purchased fertilizer tonnage. A payment option for the harvest is also made possible.
  • No customer may contract more than half of their annual fertilizer requirement for the deferred payment options.
  • Customers wishing to take advantage of this offer must commit to a fertilizer contract at least eight to 10 weeks before the fertilizer is needed on the farm. However, it is important to get involved as early as possible to provide a better chance of securing preferred products.

The organization will continue to offer farmers who wish to secure product against immediate payment the opportunity to do so.

Seán Molloy added: “As always, we will continue to do our utmost to support our regular customers of grain and cattle farmers who have been sourcing fertilizer supplies from us for many years.”

https://www.independent.ie/business/farming/news/farming-news/tirlan-seeks-commitments-from-farmers-on-2023-fertiliser-purchases-amid-market-volatility-42066946.html Tirlán is asking farmers for pledges on fertilizer purchases in 2023 amid market volatility

Fry Electronics Team

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