Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 7/19/22


Farmers will face much higher fertilizer prices to begin the 2023 planning season. For 2022, farmers who purchased fertilizer early had much lower fertilizer costs than those who purchased later as prices increased. The same increasing trajectory may not occur this year, and prices could be lower next spring. Farmers purchasing fertilizer early may wish to price a portion of corn production to cover costs. Splitting nitrogen fertilizer applications also is a risk management strategy.

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