2017 Fertilizer Prices Turn Higher – Still Lower than 2016

2017 fertilizer prices. ag economic insights. ag trends.

by David A. Widmar

Lower fertilizer prices have been an important source of crop budget improvements in recent years. From 2014 to 2016, a majority of corn production costs reductions came from lower fertilizer expense. Last fall, we noted that fertilizer prices were again lower and could provide additional relief to crop budgets in 2017. Recently, however, fertilizer prices have turned higher. This week’s post looks at 2017 fertilizer prices and the farm-level implications. Continue reading

A Look at Cutting Fertilizer Rates

Fert Spreader

by David A. Widmar

For most producers, lower input prices are the easiest way to reduce their cost of production. In past posts we’ve evaluated seed prices and fertilizer prices. While recent data indicates lower fertilizer prices are possible in 2016, farmers will likely place pressure on their retail partners to get fertilizer expense even lower.

Another option for producers to lower their fertilizer expense is by reducing application rates, especially for soils with banked phosphorous and potassium. This week’s post takes a looks at the data to see if this strategy has been used in the past. Specifically, nitrogen, phosphorous, and potassium application rates for corn have been evaluated.

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