It has been a challenging year for America’s farmers. Fertilizer analysts say there are some areas to consider when planning for the next growing season, and how you can protect your operation from rising costs.
“I think you’re going to see more soil samples so they can make sure they’re only putting the fertilizer where it needs to be when prices get cheap, you see more of a widespread just general application of product. And when prices get high, you reduce demand. Saying, ‘ok, I need it here but not here. I need it up here and here.’ So I think those are being looked at,” said Josh Linville.
Linville says farmers are also turning to technology to help reduce costs. Geopolitical tensions have led to volatility in the fertilizer markets over the last year. While the market impact has cooled, analysts say you should not let your guard down anytime soon.
