Source: Purdue University

Farmers should see some relief on input costs next year, but profit margins are still likely to be squeezed.

Bruce Erickson, a Purdue University agricultural economist, said growers would likely see the most savings on fertilizer costs in the 2010 planting season.

"Some farmers were spending as much as $200 per acre to fertilize the 2009 corn crop, more than rent in some cases, when you consider nitrogen, P and K replacement, and any liming requirements," Erickson said. "Next year it will be about one-third less-in our projections about $100 to $130 per acre-depending on soils and crop rotation."

Original press release