Michigan Potash: How to fight inflation with investment with Senator Roger Victory

Giving Farmers a Light at the end of the Tunnel

By
Jim W. Dean and Gordon Duff
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3
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Michigan potash unlocked, from Michigan Senator Roger Victory newsletter

Why Potash? Potash is a source of soluble potassium, a key nutrient for plant growth, and is mainly used for agricultural fertilizer. Michigan is home to the largest deposit of potash in North America.

Thanks to a grant recently approved by the Legislature, Michigan Potash and Salt Company is planning to build a $1 billion potash production facility in Evart Township in Osceola County.

Taking advantage of a major source of potash in the state would not only help farmers in Michigan and other states but ultimately help address rising costs at the grocery store.



In addition to helping secure Michigan’s food supply by providing farmers with local access to potash, it will increase our overall national security. While most potash imports in the U.S. are from Canada, the next largest imports come from Russia and Belarus. With the current state of global affairs, has led to shortages and massive price increases.

A January 2021 U.S. Geological Survey mineral commodity summary stated potash reserves of more than 75 million tons are located about 2,100 meters underground in central Michigan.

Due to supply chain issues, prices for agricultural products including fertilizer have risen sharply. Michigan Farm News reported earlier this month that fertilizer costs currently are about $115 per acre higher than at the same time last year.

See also Senator Victory Introduces Agricultural Investment Plan and Michigan Farm News

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3 COMMENTS

  1. 2,100 meters underground…

    will take em 10 yrs for a Cementex to bolt that hoist..

    good news is Castle Rock is in Minn and this is where their 65B$ private equity heads…

    otw – that should read 2100 feet ??? and a soure on that USG Survey v/s drill bits….

  2. Anything that promotes self sufficiency US jobs and a peaceful economy is just what the US needs, its time that the US starts to focus on its and its citizens needs.

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