Items Tagged with 'fertilizer prices'

Strong commodity prices and tight grain stocks are likely to keep pressure on fertilizer prices for some time to come, a representative of the industry told the House Agriculture Committee on Tuesday.

Even as the Federal Reserve struggles to get inflation under control, the agriculture and energy sectors “have gained unexpected levels of pricing power” due to lingering global supply challenges, according to a quarterly report from CoBank.

The executive director of the World Food Program says the global food crisis stands to get even worse in 2023 because of possible reductions in farm production due to shortages of affordable fertilizer.

The House Agriculture Committee is split along partisan lines over a Democratic bill that would create a special investigator in the Agriculture Department to look into allegations of unfair practices by meat and poultry processors.

Prices for key farm inputs, including fertilizer and diesel fuel, have been rising faster than the general inflation rate, according to a University of Illinois study.

Russia’s invasion of Ukraine could raise grain prices as much as 20% while boosting fertilizer prices another 13% and further inflating food costs, the UN Food and Agriculture Organization warns.

U.S. farmers are already suffering from high fertilizer costs, and Agriculture Secretary Tom Vilsack on Thursday warned suppliers not to try to take advantage of the chaos from the Russian invasion of Ukraine by raising prices.

Promising signs still lay ahead for walnuts—despite a tumultuous year for port congestion, a supply chain crunch and a potentially deepening drought.

In this opinion piece, Sen. Roger Marshall, R-Kan., discusses increased fertilizer costs and what it means for producers and consumers.

Global demand for grain and protein is expected to remain strong going into 2022, according to several ag economists. But there are several challenges ahead including inflation, skyrocketing input prices, supply chain disruptions and uncertainty over agricultural trade. .