Prices are Soaring
On June 27, 2022, Children’s Health Defense published a report outlining how the soaring cost of chemical fertilizers is fueling a movement to pursue less expensive alternatives.
Farmers are coping with a fertilizer crisis brought on by soaring fossil fuel prices and industry consolidation. The price of synthetic fertilizer has more than doubled since 2021, causing great stress in farm country.Kathleen Merrigan, “As Prices Soar, It’s Time to Ditch Chemical Fertilizers,” Children’s Health Defense, June 27, 2022
This crunch is particularly tough on those who grow corn, which accounts for half of U.S. nitrogen fertilizer use.
The National Corn Growers Association predicts that its members will spend 80% more in 2022 on synthetic fertilizers than they did in 2021. A recent study estimates that on average, this will represent $128,000 in added costs per farm.