Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 6/5/18

Fertilizer, seed, and chemical costs represent a sizable portion of the total costs of producing corn. In this article, costs for these three inputs are reported for the years from 2000 to 2017. Since 2013, fertilizer costs decreased while seed costs remained stable. In recent years, pesticide costs increased. Looking forward into 2019, it seems reasonable to expect pesticide costs to be at higher levels while seed costs may remain stable. At this point, fertilizer costs are difficult to predict.

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