Fertilizer Prices & The 4 R's of Nutrient Application

I hope harvest has been going smoothly for you, though delayed for most in Ohio this fall. This week Agriculture.com has some information that is important as we think about fall and spring input prices.

Fertilizer prices are higher this fall compared to a year ago on seven of the eight common forms.

Some farmers anticipate prices softening between now and spring so they are holding off on purchasing fertilizer inputs. This may or may not hold true as retailers say that the high cost of freight and rail will keep fertilizer prices locked in. Retailers are seeing less fertilizer sales today compared to a year ago.

Fertilizer accounts for over 40 percent of your variable input costs for corn and about 25 percent of your soybean variable input costs. The way this input is managed can have a large effect on your bottom line - yield and cost.
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Remember the four “R”s of nutrient application: the right source, and at the right rate, in the right place, at the right time.