Fertilizer costs are expected to increase next year.
University of Minnesota Extension ag business management educator David Bau says he’s anticipating a 15 percent jump.
“And they’ll probably go up even further because a lot of where the fertilizer comes from is overseas, which are affected by the tariffs a little bit too.”
And with expectations of continued low crop prices in 2019, he tells Brownfield most corn and soybean farmers are facing some difficult decisions.
“We’re looking at losses of up to $100-dollars (or more) an acre, a little less on soybeans (and) a little more on corn. So farmers have to look at all their input costs to figure out ways to manage their costs without lowering yields, and that’s the real challenge.”
Bau expects anhydrous ammonia on fewer acres next year because of higher prices. But he says alternatives like urea are also becoming more expensive.
Source: Brownfield Network