Source: Purdue University
Prices for fertilizer this spring have been lower and more stable than last year, according to a Purdue University expert.
"Fertilizer prices have come down substantially in the last year," Purdue agricultural economist Alan Miller said. "This has had a substantial impact on crop input margins since fertilizers comprise a large portion of those costs."
According to the U.S. Department of Agriculture's National Agricultural Statistics Service for the North Central region, between April 2009 and April 2010 fertilizer prices for anhydrous ammonia have dropped by $250 per ton, potassium is down $350 per ton and phosphate is down $50 per ton.