FTC Opens Fertilizer Pricing Investigation After Farmer Complaints

The investigation does not prove wrongdoing, but it raises federal scrutiny of a major cost center for crop producers.

McKINNEY, TEXAS (RFD NEWS) — The Federal Trade Commission has opened a broad investigation into fertilizer pricing and market concentration, following years of producer complaints about rising input costs.

FTC Chairman Andrew Ferguson announced the investigation during a farmer gathering in McKinney, Texas. He said fertilizer has been one of the largest sources of rising farm input costs since 2020.

Farm groups, including the Texas Corn Producers Association, blamed concentrated market power for higher prices and urged the agency to follow the evidence. TCPA Chairman Aaron Martinka said farmers are seeking a fairer, more competitive marketplace.

The announcement comes as fertilizer prices remain sharply higher than pre-2020 levels, while farm income has fallen from its 2022 peak. Producers also pointed to rising Chapter 12 bankruptcy filings in several farm states.

The investigation does not prove wrongdoing, but it raises federal scrutiny of a major cost center for crop producers.

Farm-Level Takeaway: Fertilizer pricing is now under federal investigation, offering farmers a potential path to greater transparency in input markets.
Tony St. James, RFD News Markets Specialist
Related Stories
Farm bill negotiations remain unsettled, leaving producers waiting for updated federal support programs.
Domestic textile demand plays a shrinking role in supporting U.S. cotton prices.
Purdue University’s Dr. Michael Langemeier discusses the survey’s findings in February and broader signals in the months ahead.
Texas lawmakers secure funding for sterile fly production as officials work to stop the New World screwworm from spreading into the U.S. cattle herd.

Tony St. James joined the RFD-TV talent team in August 2024, bringing a wealth of experience and a fresh perspective to RFD-TV and Rural Radio Channel 147 Sirius XM. In addition to his role as Market Specialist (collaborating with Scott “The Cow Guy” Shellady to provide radio and TV audiences with the latest updates on ag commodity markets), he hosts “Rural America Live” and serves as talent for trade shows.

LATEST STORIES BY THIS AUTHOR:

Strong production and rising stocks may pressure ethanol margins unless demand or exports continue to improve.
Rising import pressure and tougher export competition are likely to persist into 2026, supporting domestic supplies while capping export growth.
Without additional support, many soybean operations will continue to face financial stress as they prepare for the 2026 crop.
Placements and marketings beat expectations, but declining on-feed totals and feeder constraints keep the supply story supportive for cattle prices into 2026. Dr. Derrell Peel, with Oklahoma State University, joined us to break down cattle-on-feed numbers and provide his broader market outlook.
USDA Rural Development Director for Kentucky, Travis Burton, joined us to discuss the Princeton facility (formerly Porter Road Meats), now backed by the USDA, and its role in expanding domestic meat processing capacity.
Farm CPA Paul Neiffer joined us to break down the recent Fifth Circuit Court decision overturning a prior Tax Court decision on self-employment tax for limited partners, the ruling’s impact on farmers, and potential next steps in Congress.