Why fertilizer prices are through the roof

We are getting a closer look at some reasons why fertilizer prices are through the roof.

Ag Web reports that some farmers are paying as much as $700 dollars per ton of anhydrous ammonia.

This week alone, prices shot up by $115 dollars. In the fall, they were as low as $325 a ton.

A StoneX fertilizer expert says that it is all a perfect storm, starting with the runup in commodity prices. That means more inputs were applied last fall, which emptied out the system. As grain prices rocketed, demand shot up again.

Then there was the February storm which caused nitrogen plants to shut down.