Fertilizer prices are expected to approach record high levels in 2022, bringing cost to the farmer up with them.

Farm Management Specialist Gary Schnitkey with the University of Illinois tells Brownfield the price of major fertilizers in Illinois increased at least 50% in 2021, which will translate to higher fertilizer costs in 2022.

“Higher commodity prices, labor shortages, the COVID situation and overall strong demand for corn and soybeans right now are leading to where we are at currently.”

He says it is unlikely for prices to reach the all-time high levels seen ahead of the 2008 financial crisis, but today’s numbers line up with 2012 and 2013.

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