Seed and fertilizer prices nudging higher

The latest Index of Farm Prices from USDA includes annual seed prices for 2010, 2011 and 2012.

All varieties of seed corn sold for an average $229 per 80,000 kernels in March of 2010, $237 in March 2011 and $252 this March. Biotech varieties went from $247 a couple of years ago to $249 last year to $263 this year.

All varieties of soybeans averaged $51.90 per bushel in 2010, slipped to $49.70 in 2011 back up to $52.10 this year. Biotech soybean varieties averaged $53.50 two years ago, $51.00 last year and $53.20 this year.

Spring wheat ranged from $10.00 per bushel to $14.20 and $14.80 while winter wheat seed was $13.70 in 2010, $15.40 in 2011 and $15.90 in 2012.

Proprietary alfalfa went from an average $379 per hundred pounds in 2010 to $411 in 2011 and $425 this year. Common alfalfas averaged $273, $284 and $299 respectively.

A hundred pounds of biotech cotton seed averaged $648 a couple of years ago, $702 last year and $754 this year.

On the fertilizer side: ammonium nitrate sold for an average $398 per ton in 2010, $479 in 2011 up to $506 this year. Anhydrous ammonia sold for $499 a couple of years ago, $749 last year and $783 this year. Phosphate (44-46%) averaged $507 in 2010, $633 in 2011 and $665 per ton in 2012. Potash (60-62%) cost $511 per ton in 2010, $601 in 2011 and $647 this year. Fertilizer prices vary by region.

Read the full NASS report here:


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