Texas A&M Study Finds 50% Rise in Fertilizer Prices Adds $128,000 to On-Farm Costs

The surge in fertilizer prices will continue to be seen throughout 2022’s growing season, according to a recent study. Conducted by Texas A&M, the study found that just a 50% surge can add, on average, $128,000 in on-farm costs. The study came at the request of U.S. Representative Julia Letlow (R-La), as supply chain disruptions continue inhibit farmers from readily obtaining nitrogen, potassium and phosphorus. The study also found that fertilizer prices are, on average, up 80% compared to last year, and some even more than double the cost of 2021.

Of concern during these challenges is the potential for financial volatility, depending on commodity markets. Rep. Letlow says the study could help lead to discussions on additional assistance.

Read more on the study here.