High Fertilizer Costs May Lead to New Farmer Approaches
Lorrie Boyer
Reporter
“I think what you're going to see this year, we do expect to have a lot more folks that are questioning their approaches to inputs. I think you're going to see more soil samples so they can make sure they're only putting the fertilizer where it needs to be. When prices get cheap, you see more of a widespread just general application of product. And when prices get high, you reduce demand by saying, Okay, I need it here, but not here. I need up here, but not down here. So I think those are being looked at. I think some folks are probably considering some of these newer technologies, like the BIOS and things like that. Those very much come into the conversation when input prices get high. So you couple those, obviously you start to look at waste byproducts from chicken and cattle operations and things like that. So yes, these high prices are going to have demand looking for alternatives. I just don't know if the alternatives can offset enough demand to rebalance the supply side of it.”
StoneX Group Incorporated, Vice President of Fertilizer, Jeff Linville.