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
For agriculture, the meeting is seen as a potential turning point, with markets watching closely for any signals on trade, exports, and future purchasing commitments.
March 26, 2026 11:16 AM
·
Tight red meat supplies continue supporting livestock markets.
March 26, 2026 10:50 AM
·
The agricultural installment land contract remains a sophisticated tool for transitioning farm assets, but its success depends entirely on the technical integrity of the written agreement.
March 26, 2026 10:44 AM
·
Higher machinery costs are raising per-acre production expenses.
March 26, 2026 10:34 AM
·
Dr. Gold encouraged farmers and ranchers to prioritize eye safety in their daily routines, offering his expertise to help reduce risks on this week’s Rural Health Matters.
March 25, 2026 03:32 PM
·
Dave Duquette, founder of Western Justice, joined us to discuss wolf management, rancher concerns, efforts to return control to the states, and his upcoming documentary, “Wolves: True Conflict.”
March 25, 2026 02:48 PM
·
