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Record fertilizer prices drive investors, farmers to microbes

Startups marketing alternative fertilizers to crops said they are gaining traction among U.S. farmers and investors, enlightening themselves as a potentially cheaper option as traditional fertilizer prices rise.

Companies such as Pivot Bio, Kula Bio and Anuvia are pushing the development of agricultural fertilizers by utilizing microbes or plant-based products to provide nutrients that maize and other crops need. They aim to replace traditional fertilizers produced from natural gas or extracted underground, whose prices have hit records this year due to supply chain constraints and Russia’s war on Ukraine.

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