High Fertilizer Costs Expected To Continue Into the Spring

A dramatic rise in fertilizer prices weighs heavily on farmers and input suppliers as they prepare for the 2022. Prices for nitrogen-based fertilizers have skyrocketed to all-time highs in recent months. Fertilizer price increases are driven by nitrogen production challenges, tight global supplies, rising natural gas costs and steady demand.

Representative Dan Newhouse, chair of the Western Caucus, said he see the fertilizer prices moving higher, but that’s not the only input cost impacted by the bottleneck up and down the west coast.

“But other products as well, other supplies, parts, tires, and all kinds of necessary items that farmers need to literally keep the wheels turning.”

Newhouse added the broken supply chain is hurting farmers in a variety of ways, both in the form of exports and input.

According to a new report from CoBank's Knowledge Exchange, fertilizer prices are expected to remain elevated for at least the next six months and throughout the spring of 2022.

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