Farmers will face “much higher fertilizer prices…” for 2023

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31 August 2022, US: Ag economists sharing news in the FarmDoc Daily from the University of Illinois said farmers will face much higher fertilizer prices to begin the 2023 planning season. For 2022, they stated, farmers who purchased fertilizer early had much lower fertilizer costs than those who purchased later as prices increased. 

Farmers will face “much higher fertilizer prices…” for 2023

Current prices, according to the Agricultural Marketing Service (AMS), on July 14, 2022, were $1,469 per ton for anhydrous ammonia, $983 per ton for diammonium phosphate (DAP), and $862 per ton for potash. Overall, July 2022 prices are much higher than year-earlier levels (see Figure 1 above). Anhydrous ammonia prices have increased from $726 per ton on July 15, 2021, to 1,469 per ton on July 14, 2022, an increase of $743 per ton. DAP has increased from $688 per ton to $983, an increase of $295 per ton. Potash has risen from $481 per ton to $862, an increase of $381. 

Meristem Founder and CEO Mitch Eviston continues to urge farmes to fight back by putting new biologicals to use to free up nutrients already in the residue and in the soil.

“We call it the Next Generation Starter Program,” said Eviston. “First, use EXCAVATOR™ after harvest to release nutrients and get the seed bed right, then come back with our REVLINE HOPPER THROTTLE™ at planting time to build a large root system and a big healthy plant factory.”

Also Read: With the new fertilizer bag policy in place, how will the farmers buy the fertilizer of their preferred company

(For Latest Agriculture News & Updates, follow Krishak Jagat on Google News)

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