Seven of the eight major fertilizers prices are lower in price compared to last month. Five of the eight major fertilizers were significantly lower looking back a month. DTN designates a substantial move as anything 5% or more.
Average retail prices for all eight of the major fertilizers are lower the first week of January 2023 compared to one month prior for the third week in a row. Half of the fertilizers were significantly lower looking back a month for the second consecutive week. DTN designates a substantial move as anything 5% or more.
Staff Reporter Russ Quinn s favorite article of 2022 was his article detailing a possible potash mine being planned and will hopefully get built in west-central Michigan. The new mine could produce potash fertilizer by 2025, according to Michigan Potash and Salt Company.
Average retail prices for all eight of the major fertilizers are lower compared to one month earlier. Three fertilizers MAP, potash and urea were significantly lower than a month ago. DTN designates a substantial move as anything 5% or more.
Even though some farmers could not afford the rising costs of fertilizer, the commodity s prices have massively boosted company profits in 2022. One major player saw net earnings over the first nine months of 2022 jump more than 1,000% over the same period in 2021.