Business Strategy and Outlook
| Seth Goldstein, CFA |Mosaic is a leading producer of potash and phosphate fertilizers. Over the past three years, potash has generated a little less than half of total profits, with phosphates around one third. The balance is derived from the Brazilian fertilizer business. Mosaic’s U.S. phosphate rock mines and Canadian potash assets provide the company with a stable input base for its products. Over the long run, Mosaic should benefit from growing global demand for fertilizer.