Get your checkbook out and plan to write a bigger check in 2011 if you will be buying any fertilizer, warns Stu Ellis, editor of the farm gate blog. Various nutrients are either domestic or global commodities, and both will be going up in price for a variety of reasons, he says.

To balance your budget, ensure that you have a good working knowledge of your fertility needs, set realistic production goals and comparison shop. Also, use the theory of getting a return on your fertilizer investment, Ellis suggests.