Despite sky rocketing fertilizer prices, a recent survey found that many farmers won’t reduce rates or plant less corn in 2023.
Kevin McNew is the chief economist with Farmers Business Network. “We didn’t see a sizeable change. We saw some localized changes where farmers were pulling back, but much of that I attribute to drought impacts more so than the cost of fertilizer. I think farmers, unfortunately, are getting comfortable with high fertilizer prices.”
FBN surveyed more than 1,000 farmers in its inaugural Fertilizer Price Transparency Report.
Farmer survey shows no pull back in fertilizer rates, corn acres despite high prices