Despite sky rocketing fertilizer prices, a recent survey found that many farmers won’t reduce rates or plant less corn in 2023.
Kevin McNew is the chief economist with Farmers Business Network. “We didn’t see a sizeable change. We saw some localized changes where farmers were pulling back, but much of that I attribute to drought impacts more so than the cost of fertilizer. I think farmers, unfortunately, are getting comfortable with high fertilizer prices.”
FBN surveyed more than 1,000 farmers in its inaugural Fertilizer Price Transparency Report.