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Why the fertilizer forecast was wrong.
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The article focuses on the inconsistencies in the 1976 forecast for the fertilizer industry in the U.S. It says that fertilizer consumption in the year is expected to boost by 8% to 10%, while spot scarcity of potash and other nitrogen-based products are likely to crop up. Yet, prospects for producers' profits are not almost so rosy. CF Industries Inc. president R. R. "Barney" Baxter and Agrico Chemical Co. president John F. Babbitt Jr. both reflect on lesser sales in the companies.
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