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Softening fertilizer prices “a bit of a gift”

Farmers who waited to buy fertilizer are benefiting from recent price declines.

Ken Zuckerberg with CoBank says there has been a substantial drop in anhydrous, phosphate, and potash prices this winter.

“For people that have not bought product, we look at this period as a bit of a gift where prices are very reasonable for the major nutrients.”

He tells Brownfield now is the time to secure fertilizer because of anticipated volatility.

“Our working assumption is that the Black Sea conflict will continue, (and) there will most likely be more shocks in the energy market.”

Zuckerberg says supply shocks in energy tend to lead to higher fertilizer prices.