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
The analysis models how trade disruptions in the Strait of Hormuz may continue to drive up the cost of fertilizer.
April 15, 2026 01:10 PM
·
National Land Realty’s Jeramy Stephens explains how rising input costs and economic uncertainty are impacting the farmland market and what landowners should watch moving forward.
April 15, 2026 12:58 PM
·
Higher fuel costs are raising grain shipping expenses. RealAg Radio’s Shaun Haney discusses how energy market disruptions are impacting farmers in new ways as the War in Iran continues.
April 15, 2026 12:09 PM
·
Texas Agriculture Commissioner Sid Miller joins us with an update on the most recent case of New World screwworm 90 miles from the U.S. Southern border.
April 15, 2026 11:40 AM
·
Study looks at how triazine chemistry impacts effectiveness against resistant weeds
April 15, 2026 10:20 AM
·
With fewer young people entering agriculture and farmers nearing retirement, industry leaders warn of challenges ahead while working to keep farming profitable and sustainable.
April 15, 2026 08:00 AM
·
