Cost of Producing Tomatoes Up and Fertilizer Prices Down
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**Costs to produce processing tomatoes increased substantially in the past six years, according to a study by the University of California and UC Cooperative Extension farm advisors.
Based on the 2023 cost analysis for growing processing tomatoes in the Sacramento Valley and northern delta, researchers found that growers face surging input costs for expenses like water, labor, fuel and fertilizer.
That translates to a 76% increase in production expenses from 2017.
**The Renewable Fuels Association sent a letter to EPA Administrator Michael Regan regarding the E15 RVP Petition.
RFA President Geoff Cooper says, three months have passed since EPA’s public comment period ended, and more than a year since EPA’s statutory deadline to put a final rule into effect.
And yet, Cooper says, despite strong public support, the EPA still hasn’t finalized the rule … or publicly provided a schedule for doing so.
**After reaching historic highs in 2022, prices for major fertilizers have trended consistently lower since.
Farmdoc Daily says supply and demand fundamentals, as well as some resolution of the ongoing impacts of the Russia-Ukraine conflict, were contributing factors.
Fertilizer prices peaked during the second quarter of 2022.
Anhydrous ammonia reached $1,635 per ton in June 2022 and has since declined by almost 47% to $870 per ton.
