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
Working capital is tightening for crop farms, increasing reliance on operating loans even as land values steady in the broader sector.
Higher ocean freight raises export costs just as global grain competition intensifies.
Rep. Michelle Fischbach shares her appreciation for rural communities and outlines how the Working Families Tax Cut is aimed to support farm families on RFD-TV’s Champions of Rural America.
While the 2018 Farm Bill received an extension under the “One, Big, Beautiful Bill” Act, the National Pork Producers Council wants lawmakers to do more to support the sector.

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:

Cattle groups say additional imports would offer little relief for consumers but could erode rancher confidence as the industry begins to rebuild herds.
Harvest Pace, Logistics, and Input Costs Drive Fall Decisions
The USDA’s latest Hogs and Pigs Report caught some analysts off guard. Inventories came in lower than expected, signaling tighter supplies ahead, even as producers return to profitability this year.
Over the past decade, Tractor Supply has expanded its support through sponsorships and youth programs, all part of its broader mission to invest in the future of agriculture.
Understanding how these tax provisions interact will be key for farmers planning long-term equipment purchases or transfers within the family.
Lyndsey Smith with Real Ag Radio joined RFD-TV to share a Canadian perspective on the discussions.