Nitrogen Fertilizer Outlook Mounts

Farmers have been feeling the pinch of high fertilizer prices since last year. Farmers Business Network Chief Economist Kevin McNew says the latest FBN fertilizer report showed outside factors are what’s driving prices up and will continue to keep them up. “The bad news for farmers is fertilizer values are not going to get cheaper anytime soon. There are widespread global problems causing ripple effects through fertilizer.” The report also surveyed farmers and found that while application rates remain steady, crop rotation changes favored higher wheat acres. McNew says nitrogen fertilizer prices are being affected the most. “Nitrogen fertilizer is at the center for price increases. Some of the potash and phosphorus-based fertilizers are not going up. It’s all tied to natural gas and everything happening globally that’s driving the prices.”