WASHINGTON, D.C. (RFD-TV) — Fertilizer costs have risen as much as 40% this year, with some farmers facing greater financial pressure than others.
Josh Linville of StoneX says some areas have been hit harder because they have little to no local fertilizer production.
“I always look at the Pacific Northwest the same way I look at Australia on the global scale. You’re kind of on an island. It takes longer to get stuff. That means purchase decisions have to be made sooner. That means that there is more price risk associated with those purchase decisions. So, I’m not sitting there saying the product won’t be available, but it takes a lot more work to have that product be available.”
According to DTN’s latest fertilizer survey, seven of eight major fertilizers increased in price last month. UAN28 saw the largest monthly increase, rising 6% to an average of $447 per ton.
Anhydrous ammonia averaged $987 per ton, while potash reached $506 per ton. All eight fertilizers remain more expensive than a year ago, with anhydrous ammonia up 17% and urea up 13%.
