Florida Phosphate Industry in Trouble, StoneX Director of Fertilizer Warns
Key takeaways
- Hurricane Milton, one of the largest hurricanes in Florida’s history, could drastically impact Florida’s phosphate production
- According to Josh Linville, Florida’s phosphate industry “could be in trouble” with fewer workers available
- Florida is one of the major suppliers of phosphate internationally and is responsible for $5.03 billion in annual economic output
Josh Linville, Director of Fertilizer at StoneX, was recently quoted in a Benzinga article regarding the impact that Hurricane Milton could have on Florida’s phosphate industry. According to Linville, the area’s phosphate market faced real risks.
“FL is built to withstand hurricanes…to an extent. This looks bad. This looks really bad. Even if production facilities do not withstand major damage, they need workers to run the plants...and homesteads may not fare as well.”
Hurricane Milton, which has shattered multiple records, gathered maximum sustained wind speeds of 180 miles per hour by Monday night. The hurricane has a barometric pressure similar to Hurricane Wilma from the 2005 hurricane season, which reached 882 mb.
Florida’s phosphate industry is one of the major suppliers internationally, only behind China and Morocco in production. According to the Florida Industrial and Phosphate Research Institute, Florida's phosphate mining accounts for about 80% of the phosphate used in the United States, as well as about 25% of the phosphate used internationally.
It’s also a major economic driver, supporting nearly 8,400 direct jobs and responsible for an estimated $5.03 billion in annual economic output.
If Hurricane Milton produces extensive damage across the state, Florida phosphate production could be substantially impacted as residents are urged to flee Milton’s path.
Subscribe to the Farmer Fertilizer Focus
Finding information regarding the fertilizer markets can be tough. Sign up for a free 14-day trial of the Farmer Fertilizer Focus newsletter to gain access to market trends, key drivers and unique perspectives on this critical commodity.
To read the original article, click here.
The trading of derivatives such as futures, options, and over-the-counter (OTC) products or “swaps” may not be suitable for all investors. Derivatives trading involves substantial risk of loss. Past results are not necessarily indicative of future results. Futures and Options on Futures trading services are provided by the FCM Division of StoneX Financial Inc (“SFI”) (NFA ID: 0476094). Over-the-counter (“OTC”) products or swaps trading services are available through StoneX Markets LLC (“SXM”) (NFA ID: 0449652). SXM products are intended to be traded only by individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ (“ECP”) and who have been accepted as customers of SXM. SFI and SXM are wholly owned subsidiaries of StoneX Group Inc.
Reproduction or use in any format without authorisation is forbidden. © Copyright 2024. All rights reserved.
See why StoneX is a partner of choice
Have questions about our products or services? We're ready to help.
StoneX: We open markets
Our market expertise, advanced platforms, global reach, culture of full transparency and commitment to our clients’ success all set us apart in the financial marketplace.
Reach
With access to 40+ derivatives exchanges, 180+ foreign exchange markets, nearly every global securities marketplace and numerous bilateral liquidity venues, StoneX’s digital network and deep relationships can take clients anywhere they want to go.
Transparency
As a publicly traded company meeting the highest standards of regulatory compliance in the markets we serve, our financials and track record are matters of public record. StoneX’s commitment to “doing the right thing over the easy thing” sets us apart in the industry and helps us build respect, client trust and new partnerships.
Expertise
From our proprietary Market Intelligence platform to “boots-on-the-ground” expertise from award-winning traders and professionals, we connect our clients directly to actionable insights they can use to make more informed decisions and achieve their goals in the global markets.
© 2026 StoneX Group Inc. all rights reserved.
The subsidiaries of StoneX Group Inc. provide financial products and services, including, but not limited to, physical commodities, securities, clearing, global payments, risk management, asset management, foreign exchange, and exchange-traded and over-the-counter derivatives. These financial products and services are offered in accordance with the applicable laws in the jurisdictions in which they are provided and are subject to specific terms, conditions, and restrictions contained in the terms of business applicable to each such offering. Not all products and services are available in all countries. The products and services offered by the StoneX Group of companies involve risk of loss and may not be suitable for all investors. Full Disclaimer.
This website is not intended for residents of any particular country, and the information herein is not advice nor a recommendation to trade nor does it constitute an offer or solicitation to buy or sell any financial product or service, by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. Please refer to the Regulatory Disclosure section for entity-specific disclosures.
No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc. The information herein is provided for informational purposes only. This information is provided on an ‘as-is’ basis and may contain statements and opinions of the StoneX Group of companies as well as excerpts and/or information from public sources and third parties and no warranty, whether express or implied, is given as to its completeness or accuracy. Each company within the StoneX Group of companies (on its own behalf and on behalf of its directors, employees and agents) disclaims any and all liability as well as any third-party claim that may arise from the accuracy and/or completeness of the information detailed herein, as well as the use of or reliance on this information by the recipient, any member of its group or any third party.