Fertilizer Price Increases: Should Farmers be Worried?
Nicholas Bannon, Daniel Schuurmann, Alfons Weersink, and Ken McEwan While overall inflation is at its highest level in 30 years, this rate of increase is dwarfed by the huge increases in global fertilizer prices over the last year. Ontario farmers were not immune to these price increases, and most farmers likely noticed a dramatic increase in their input costs in 2021 compared to 2020. The reason for the price increases in fertilizer is due to several global events occurring