Farmers are bracing themselves for higher input prices for 2022, especially with fertilizer prices nearing all time highs. Products like urea, potash, anhydrous and UAN28 are more than twice as high as last fall. With average retail prices last week at $873 per ton for anhydrous and $719 per ton for urea. Colton, South Dakota farmer Jeff Thompson says the higher prices are a concern.
Thompson says he’s already done soil sampling and testing and lined up his fertilizer needs accordingly for this fall.
He says there are concerns about the availability of fertilizer products in the spring and so more applications are taking place this fall as a precaution. However, supplies of some products are already tight.
Various factors have driven fertilizer prices up including natural gas prices hitting 7-year highs, plus China has banned exports of fertilizer products like potash until at least June of next year.
