It May Be Time to Start Buying Fertilizer

Fertilizer has been falling lately and depending on who you are talking to the bids are quite variable. If you have not purchased any fertilizer yet this fall now might be a good time to begin to chip away at some inventory. With prices in the 600-700 range, prices are considerably lower than 5 months ago. Do not fall into the trap of continuing to hold out for more extreme pricing. The recent drop may be the reality going forward or it may be a short term downward blip. I don’t think that anyone knows. Many farmers were burnt this past year by not applying the art of incremental selling of their crops by holding out for $20 canola. Incremental buying works under the same principal and is just as effective.