With supplies of most products tight, look for fertilizer prices to stay high, says Donald Horneck, agronomist with Oregon State University Extension.
Speaking at last month’s Western Alfalfa and Forage Conference in Las Vegas, Horneck noted that many fertilizer dealers fear a repeat of 2008-09. Then fertilizer prices spiked but came crashing down during a major recession. This time around, dealers are being more cautious about building inventories with high-priced product. In turn, that’s putting upward pressure on prices for a variety of fertilizers, including UAN and potassium.
Read more about Horneck’s take on the fertilizer supply-and-demand situation in the January issue of Hay & Forage Grower, now available online.