The price of fertilizer manufactured from natural gas, jumped. By January 2022, a southern Illinois farm that I know of, had to arrange for almost 4 times the money to pay for fertilizer.
Tell me about it. As a farmer here in central Kansas my input costs for fertilizer have skyrocketed since Biden took office. A bushel of wheat, right now at my local COOP, is down 12 cents and is selling for $5.50 a bushel. I’ve got to have $5.25 just to break even. Needless to say, I won’t be upgrading any equipment in the near future. Just hope I don’t have a part that wears out because if I do I could well not make any profit at all this year. Oh well, the American farmer is the eternal optimist: “Next year will be better.”
bttt