The last time fertilizer prices were this high, many U.S. farmers switched from growing corn to soybean, resulting in an 11% decrease in demand for nitrogen fertilizer. Farmers also applied significantly less phosphate and potash fertilizer.
In this episode of the Nutrient Management Podcast, we discuss why fertilizer prices are so high and what farmers should be thinking about.
- Where are fertilizer prices right now and how do they compare to the recent past?
- Why are fertilizer prices so high right now?
- What are price ratios and why is this an important metric to watch?
- How are farmers reacting to the high prices and fertilizer availability concerns?
- What should growers be thinking about in terms of fertilizer purchasing decisions and nutrient management planning this fall and next spring?
- Brad Carlson, U of M Extension educator
- Jim Carlson, Vice President of Agronomy at United Farmers Co-op in Winthrop, Minnesota
- Russ Quinn, ag market reporter for DTN/The Progressive Farmer and a farmer in eastern Nebraska
- Josh Linville, Director of Fertilizer at StoneX Financial
This episode was recorded on November 11, 2021. The opinions expressed in this episode are those of the individual guests. They do not purport to reflect the views of the University of Minnesota.