NFU president warns high fertilizer prices may persist

The president of the National Farmers Union says he’s concerned that high fertilizer prices could be sticking around for an extended period of time.

Rob Larew tells Brownfield, “The fact is that some folks hadn’t secured their fertilizer and are wondering how they are going to make it through the year. I think all eyes are on next year’s fertilizer market and what it could possibly look like.”

The Trump administration has recently announced plans to help expand fertilizer production domestically, but Larew says…

“We needed to start several years ago on investing in domestic production. We need to bring that to a reality, but that’s still several years down the road.”

Larew says fertilizer prices have been elevated for several years and the conflict with Iran has only made the situation worse.

“You have a number of plants in the greater Iran area that are either damaged or completely out of production. It’s going to be many, many years down the road before we get beyond that.”

He spoke to Brownfield at the NAFB’s recent Washington Watch event in DC.