BISMARCK, ND (KFYR) – Farmers face uncertainty every year. They plant in the hope of making a profit, but they cannot control the weather and input costs are also often beyond their control.
With fertilizer prices at record highs this year, some are considering changing their planting plans.
Jennifer Meyer, a farmer and rancher from Wilton, says there’s one main thing the farming community has been talking about.
“We haven’t had much trouble with the fertilizer so far, at least getting it, but the expense is just horrendous,” Meyer said.
According to the American Farm Bureau, prices for some fertilizers have risen 300% over the past year.
“Well, it’s going to cost at least 70 more acres. Where do you get that from? Well, it’s just going to be profit and a lot of things have gone up in cost this year,” Meyer said.
Meyer says it looks like almost everything has gone up in price lately, including diesel fuel, seeds and labor
Meyer says that because fertilizer prices are so high, she is changing the crops she grows. No corn or wheat this year.
“We do barley and instead, that uses less fertilizer,” Meyer said.
But Meyer says that’s not a lasting solution.
“These are short-term solutions to long-term problems,” Meyer said.
Fertilizer prices are expected to fall this summer.
Analysts say the rise in fertilizer prices is due to many factors, including rising global demand, pandemic-related supply chain issues and an increase in production costs.
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