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Ag economist says skyrocketing fertilizer prices not likely to slow
Nearly every ag input saw rising prices in 2021 and fertilizer was no exception. David Widmar is an ag economist and cofounder of Agricultural Economic Insights.
“First it was in the phosphorus and potassium products, now it’s in the nitrogen products and they just have, you know, been moving higher,” he says. “But then went from 0 to 60 and really jumped higher this fall as we started to take a look at the nitrogen outlooks and the acre debate in the crop production.”
Then, he tells Brownfield then the last quarter hit
“Now we were looking in September to just December and some of the fertilizer prices have gone up, equivalent to 80 bucks an acre,” he says. “And I think some of those dramatic swings could carry with us into 2022, unfortunately.”
