National Ag News

Declining fertilizer prices may strengthen the bottom line of farmers in 2018, according to David Widmar, an agriculture economist at Purdue University.  Until this year, anhydrous ammonia has resisted falling to less than $500 per ton, said Widmar.

“But in recent months, it’s actually fallen to nearly $400 a ton, based on Illinois price data,” Widmar told Brownfield, “and these are the lowest levels, really, since 2010.”

A change in fertilizer prices can quickly impact potential crop profitability because input costs are dominated by seed – at about $120 an acre – and fertilizer – at about $111 an acre, said Widmar.

Continue reading Falling fertilizer prices impact crop budgets at Brownfield Ag News.