Fertilizer prices are significantly higher as 2021 comes to a close. DTN Fertilizer Reporter Russ Quinn says prices started to increase in December 2020. “Every week since, price have increased slightly. Right now, prices range from 63 to 220 percent higher than one year ago. 10-34-0 is the lowest price and anhydrous is priced the highest.” Stone X Group Director of Fertilizer Josh Linville says this is more of a supply-driven price increase. “Demand is part of the reason why supplies are low, but if demand fell away, the price strength would hold.” Northern Plains farmers locked in their fertilizer needs early and if possible, applied fertilizer in the fall. “We had a record fall this year, in terms of tons,” says Andrew Schultz, manager CHS Ag Services. “That’s surprising, because of the price. Farmers are worried about spring.”
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.