US farmers face skyrocketing fertilizer prices due to Russia-Ukraine war

Farmers in the United States are feeling the pinch from rising fertilizer prices.

Reports show that fertilizer prices have risen by as much as 300% since early 2021. Amid shortages, inflation and the war between Russia and Ukraine, the cost of this essential commodity to farmers continues to rise, according to Modern Farmer.

US farmers face skyrocketing fertilizer prices due to Russia-Ukraine war

John Waddell, owner of American Grower’s Supply, said the price of his fertilizer supply has risen. He is then forced to pass on the costs to the customers.

“The costs are going up. It’s up about 50% on our side. So it’s hard not to pass that on,” Waddell says.

Higher costs can make it difficult to sell products like fertilizers right now, the owner of Grower’s Supply says.

“It’s a complicated scenario with multiple additives that have created such a high price for us to bring in things,” he added.

Shawn Jones, owner of 417 Mowing, has similar concerns, saying several of his fertilizers have risen between 50% and more than 150%.

Russian war has made the situation much worse

With an organic fertilizer produced in Russia, the war in Ukraine has exacerbated the situation.

Rising fertilizer costs have dealt a double blow to farmers, who have to pay for the fertilizer and later the food supply chain as the rising costs are passed on to stores and customers.

With fertilizer costs continuing to rise, many landscaping companies like 417 Mowing, anticipating ongoing shortages, have started stocking fertilizer and other essential products like grass seed for next fall.

Farmers in the United States would be wise to keep an eye on rising costs and, as some companies already do, stock up on essential items such as fertilizers to avoid entering the supply chain that would significantly harm their business.

Image: Depositphotos


This post US farmers face skyrocketing fertilizer prices due to Russia-Ukraine war was original published at “https://smallbiztrends.com/2022/04/us-farmers-facing-skyrocketing-fertilizer-prices-russia-ukraine-war.html”

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