The current retail prices of all major fertilizers are slightly higher compared to prices one year ago in 2014, according to U.S. Department of Agriculture statistics.
Posted on March 6, 2015 by George Silva, Michigan State University Extension
Fertilizer prices ($ per ton) from May 2013 to February 2015. Data source: USDA Illinois Dept. of Ag Market News, Springfield, Illinois, cash prices for bulk purchases, granular form unless noted.
The approximate retail prices for bulk purchases of major fertilizers per ton, published in the Feb. 19, 2015 USDA Illinois Department of Agriculture Market News Report, were:
- $554 for Diammonium phosphate (DAP)
- $574 for Monoammonium phosphate (MAP)
- $476 for Potash
- $455 for Urea
- $327 for Urea-Ammonium Nitrate (UAN 28 percent)
- $730 for Anhydrous ammonia
The monthly price trends for the period of May 2013 to February 2015 are shown in the figure.
The current retail prices are slightly higher compared to prices one year ago in 2014. Generally, fertilizer prices increase during the planting season and decrease during the off season. The decline in commodity prices has not translated to a similar decline in fertilizer prices. Given the fact that fertilizer is the single biggest input cost for corn production, Michigan State University Extension recommends producers be aware of price fluctuations over time and take advantage of purchasing options. Industry experts believe that despite the fertilizer market stability, any unforeseen changes in global demand or supply may cause dramatic price shifts.
This article was published by Michigan State University Extension. For more information, visit http://www.cnchemicals.com/. To have a digest of information delivered straight to your email inbox, visit http://bit.ly/MSUENews. To contact an expert in your area, visit http://www.cnchemicals.com/, or call 888-MSUE4MI (888-678-3464).
Related Articles
-
March 4, 2015 | Marilyn Thelen | Selecting the right rate is the first step to good nitrogen management in corn.
-
February 26, 2015 | Paul Gross | Farmer survey identified benefits of cover crops in corn and soybean rotations.
-
February 23, 2015 | Dennis Pennington | Increased oil and biofuel production lessen imports and hold prices steady at the pump.
-
January 23, 2015 | Jim Isleib | Evaluation of 2014 MSU Extension's Beginning Farmer Webinar Series shows positive results.
-
January 8, 2015 | George Silva | The field crop management update will help farmers and crop consultants learn about new pests and changes to 2015 MSU Extension insect, weed, disease and fertilizer recommendations.