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Inflation hits hardest in market for fertilizer
Inflation hits farmers hardest in fertilizer costs with USDA data showing Sept 15 farm prices up 19 percent from April and 81 percent higher than a year earlier. Nitrogen source anhydrous ammonia rose to 229 per ton from 183 in April and 92.50 a year ago. 10-10-10 fertilizer averaged 123 per ton, up from 103 in April and 70.80 a year ago. Overall farm machinery, seed, and related costs also climbed, with machinery up nine percent since June and 22 percent year over year.
MENTIONED IN THIS ARTICLE
Don Kendall
Agriculture Department
USDA