Expect fertilizer prices to climb this fall, Sen. Grassley warns

Iowa Senator Chuck Grassley says fertilizer costs are top of mind for many farmers across the United States. He worries about consolidation, and he also makes a prediction about what lies ahead.

“The issue will become even more acute in the fall as farmers look to purchase next year’s fertilizer. I’ll continue pushing for the Administration to keep farmer input costs in mind.”

Grassley says there are a number of reasons farmers are worried about these costs, citing geopolitical issues, like the war in Ukraine and a drop in phosphate exports from China. Despite all of that, retail prices have stayed steady in the short term and remain below last year’s range.

Analysts with DTN say prices for all eight major fertilizer types were mostly flat last week, but seven are now higher than this time last year. Urea prices have climbed 32 percent over the past year. UAN-32 is up 30 percent, while UAN-28 is up 23 percent. Potash is the only fertilizer lower this year and about five percent below last summer.

Related Stories
Mike Steenhoek with the Soy Transportation Coalition discusses supply chain disruptions, rising costs, and the potential impact on agriculture as farmers navigate ongoing global uncertainty.
Suderman joins Tony St. James in the RFD Studios to discuss how geopolitical tensions are triggering global transport disruptions, new inflation pressures, and other challenges for agriculture to navigate.
Farm Bureau economist Dr. Faith Parum explains how geopolitical dynamics in the Middle East could further tighten fertilizer movement, increase fuel costs, and complicate planting decisions for U.S. farmers this spring.
Farm CPA Paul Nieffer explains the Farmer Bridge Assistance payment limits, provides clarity on new legislation, and offers advice for producers considering business structure adjustments.
For producers, success this season will require more than just a clean field; it will require meticulous record-keeping, a proactive written mitigation plan, and a constant eye on both the forecast and the federal docket.
Tidal Grow’s AlignN delivers encapsulated nitrogen to leaves, boosting in-season response, yield gains, and farm profits.

LATEST STORIES BY THIS AUTHOR:

Lewis Williamson of HTS Commodities joined us with an update on the historic winter storm impacts and his outlook on today’s ag markets.
Marilyn Schlake with the UNL Department of Agricultural Economics joined us for a closer look at the evolving role of livestock sale barns.
RFD NEWS correspondent Frank McCaffrey recently spoke with Dr. Mike Vickers, a South Texas rancher, who says illegal border crossings have dramatically declined in the last year.
Auction manager and West Texas A&M University student Presley Graves joined us to discuss the growth of StockShowAuctions.com and its impact on youth in agriculture.
Texas Farm Bureau President Russell Boening joined us with the latest update on storm conditions and impacts across the state.
Mike Knotts with the Tennessee Electric Cooperative Association joined us with the latest on storm impacts, power restoration, and safety considerations following the ice storm.