The Senate Ag Committee has asked Texas A&M economists to give a detailed report on the rise of fertilizer prices.
It is likely to show costs have gone up as much as 30 percent since the last study, released in January. That report showed costs had done up nearly $700 dollars a ton since late 2020.
USDA is investigating market manipulation as a potential reason. It will soon publish a notice for a public comment period.
Related:
Kansas Senator Roger Marshall Takes aim at Fertilizer Tariffs
Fertilizer prices continue to climb; some hitting all-time highs
Farmers Assess How Much Fertilizer They Will Need This Season
Ag Secretary Tom Vilsack Offers Solutions for Soaring Fertilizer Prices