The Dirt on the "Fertilizer War"

There's tension rising between Russia and Belarus, a former state of the Soviet Union. Over in Eurasia these two countries a waging an economic war on the collecting, production and selling of Potash. Potash which comes from the phrase "pot ash", is a key ingredient in most fertilizers and is basically water-soluble potassium.
Tension started rising when BPC, an international company responsible for distributing almost all of the potash in the world, started unraveling. BPC, or Belarussian Potash Company, is also responsible for keeping  all of the Potash prices in the world high. Uralkali, which is a Russian potash company, and used to operate under BPC decided to leave BPC claiming that the Belarussian government has been allowing feltilizer sales on the side. And while Russia's economy would be slightly hurt due to this manuever, Belarus would end up feeling the impact even more.
The drama then continues when the Prime Minister of Belarus invited the CEO of Uralkali over for negotiations, and then arrested him when he arrived at the airport. It is said that he would probably be only held hostage until Uralkali decided to join BPC once again.
Meanwhile, in the USA, this has kept fertilizer prices down, and farmers rejoice. My questions are how this will effect food prices at home, and if it may keep them down this upcoming season. Lower production prices will most likely lead to lower food prices, and thus a bigger profit for farmers. Unless they decide to find profit in not lowering prices.

Read all about it here!