The price for fertilizer is high, but an ag economist says it’s been worse.
David Widmar, co-founder of Ag Economic Insights, tells Brownfield looking at the costs, the sticker shock depends on context. “That 37 percent increase in anhydrous ammonia or urea prices for example from the fall lows seem much more dramatic than say anhydrous being up only 17 percent from a year ago.”
He says anhydrous ammonia is averaging $650 a ton – up an average of 44 percent from six months ago but that’s not the highest.
