It's a picture of growth – and necessity.
Global population grows by 75 million every year as it rises toward an expected 9.2 billion by 2050. Consumption of meat and other sources of protein – which require substantial grain to produce – continues to climb as millions of people in developing nations gain purchasing power. Available agricultural land per person shrinks as cities and populations expand, while poor fertility practices continue to keep soils underproductive in much of the world.
The result? Demand for grain has outpaced production for seven of the past nine years, forcing countries to deplete grain stocks to meet their immediate needs and leaving stocks-to-use levels near historical lows.
The world needs to find a sustainable way to produce more food for more people on limited land. The world needs more fertilizer.
WAYNE BROWNLEEExecutive Vice President and CFO
"We're witnessing an unprecedented period of global development – creating new opportunities for people to enrich their lives and diets, and for our business and stakeholders to prosper."
