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SEC Filings

8-K
CVR ENERGY INC filed this Form 8-K on 09/04/2018
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MARKET FUNDAMENTALS Corn Demand in the U.S.  Global nitrogen consumption is Global Fertilizer Consumption projected to increase between 2005 and 250.0 2025 driven by: 200.0 − Population growth 150.0 − Decrease in farmland per capita Million Tonnes 100.0 − Biofuel consumption 50.0 − Continued evolution to more protein-based diets in developing countries 0.0  Nitrogen fertilizer is a relatively small component of farmers’ cost profile U.S. Nitrogen Consumption Sample 2018 Corn Belt Variable Cost Budget 20.0 18.0 16.0 Other 14.0 9.2% Machinery 12.0 20.3% 10.0 Chemicals 16.0% Million Tonnes 8.0 6.0 Phosphate & Potash Seed 4.0 10.7% 27.9% 2.0 Nitrogen 0.0 15.9% Source: International Fertilizer Industry Association, Iowa State University Ag Extension and FAO. 20


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