Farmers are benefiting from lower and more stable fertilizer prices this spring, a Purdue University expert notes. That’s good news for dairy producers who raise their own crops.
"Fertilizer prices have come down substantially in the last year," says Alan Miller, Purdue agricultural economist. “This has had a substantial affect on crop input margins, since fertilizers comprise a large portion of those costs.”
According to the United States Department of Agriculture's National Agricultural Statistics Service for the North Central region, between April 2009 and April 2010 fertilizer prices for anhydrous ammonia have dropped by $250 per ton, potassium is down $350 per ton and phosphate is down $50 per ton.
Source: Purdue University