Anhydrous ammonia prices could eclipse $2,000 per ton next year
There are now concerns anhydrous ammonia could reach $2,000 dollars per ton next year.
A University of Illinois economist says that it is because of the war in Ukraine and potential fertilizer reductions in Europe. Anhydrous ammonia prices are already at record levels.
Gary Schnitkey says that if Russian fertilizer goes off the market, it could reach more than $2,000 dollars per ton. He says that farmers should be proactive and begin budgeting for next year.