If fertilizer companies are coming down here trying to explain high fertilizer prices by the cost of fencing and security, they're just engaging in misdirection.
When you read the presentations they're making to bankers in the United States and to shareholders meetings around the world, they talk about unprecedented large margins, record margins, record profits. There's never been more money in fertilizer. So to somehow blame the high price on the need to build fences is just misdirection.