Input Costs & Producer Inflation
Unlike facilities focused on merchant ammonia, Meadowlark would convert its on-site ammonia into UAN and sulfur-containing ATS fertilizers used by regional crop producers.
The Fertilizer Research Act, reintroduced by Sens. Grassley, Ernst, and Baldwin, would direct the USDA to study and publish public reports on competition and pricing trends in the fertilizer market.
Tariffs are pushing up input costs, with fertilizer prices rising $100 per ton and machinery costs climbing due to steel and parts duties.
U.S. producers are holding off on equipment investments amid financial pressure, market uncertainty, a rising demand for diesel, and growing desperation for trade wins.
Co-Bank Lead Dairy Economist, Corey Geiger, joined us on Friday’s Market Day Report for a further look at the drop in replacement heifers and the trend’s longterm impact on dairy producers and cattle prices.
Farmers are struggling with low commodity prices and skyrocketing input costs, resulting in debt that is outpacing income across the sector, according to the USDA’s new farm income forecast.
Demand for farm loans surged in the first quarter of the year, topping the previous record set in 2016.
Following an on-target CPI, the combination could suggest that inflation is cooling.
