Potassium is a major nutrient that is increasingly required as soil reserves become depleted. Potassium deficiency results in poor water use and other nutrients, making crops more susceptible to drought, waterlogging, frost and leaf diseases.
Links
[1] http://soilquality.org.au/factsheets/potassium
[2] https://www.agric.wa.gov.au/crops/production-postharvest/plant-nutrition