Farmers Struggle with Skyrocketing Fertilizer Prices

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Fertilizer prices continue to skyrocket, as much as 300 percent in some areas, as farmers grapple with increased costs as they prepare for the 2022 growing season. The American Farm Bureau Federation’s latest Market Intel examines the short- and long-term factors impacting fertilizer supply and demand. Farm Bureau economists found several elements are contributing to record-high prices. Those include Increased prices for raw nutrients, increased demand, higher energy costs, supply chain issues and trade duties. Farm Bureau President Zippy Duvall says, “We urge the Biden administration to look for ways to bring fertilizer prices down, which include resolving supply chain disruptions and removing import duties.” The Market Intel found that compared to September 2020 prices, ammonia has increased over 210 percent, liquid nitrogen has increased over 159 percent, urea is up 155 percent, MAP has increased 125 percent, while DAP is up over 100 percent, and potash has risen above 134 percent.

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