Fertilizer price data (table 7) are available through 2014 (the supporting USDA survey, on annual prices paid, has been discontinued). It was first described in 1659 and, currently, is the most commercially important ammonium compound in production volume and usage terms. Basel (4:29:11) 38,000.00: GVF SPL (30:0:20) 38,000.00: Veg.No.01(SA) (13:7:12) 38,000.00: Gen.Veg SA/TSP (9:15:13) 38,000.00: CCF Potato(SA) (8:10:16:3) 35,500.00 All prices for major nutrients declined since 2013 (see farmdoc daily, July 11, 2017). Seed costs have remained stable in the years from 2014 to 2017. CURRENT PRICES (£/t) Great Britain Straight Domestic N (34.5%N) SP5 Apr £149-151 Imported AN Lithuanian £140 where available Imported urea Fertilizer, seed, and chemical costs represent a sizable portion of the total costs of producing corn. Farmers purchasing fertilizer earlier will have lower costs than those purchasing later. USDA National Agricultural Statistics Service Information. Register for a free trial. There was a large increase in 2013 when pesticide costs increased from $49 per acre to $66 per acre in 2013. Fertilizer Week; Fertilizer International; World Bank. Global fertilizer demand increased 9% in the five years to 2018 to total 730 million tonnes. The farmdoc daily website falls under University of Illinois copyright and intellectual property rights. The UK is a net importer of nitrogen fertilisers, with about 50% of the market supplied by domestic production of ammonium nitrate (AN). Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, February 2018. A slowdown in global production combined with increasing demand in East Europe resulted in an upward price shift. The high correlation of the series suggests that costs reported by FBFM are reflective of trends across the greater Midwest. Since then, Erisman et al. Gary Schnitkey • crop economics • August and September fertilizer prices confirm expectations of rising fertilizer costs for 2019. As we see, nitrogen fertilizers only became available following the commercialization of the Haber-Bosch process from 1910 onwards. The line in grey represents estimates of the number of people fed by synthetic nitrogen fertilizers. For a detailed statement, please see the University of Illinois Copyright Information and Policies here. This is a change of … Balance Sheet & Historical Financial Statements, Briomass Crop Budget Tool – Miscanthus & Switchgrass, Illinois Soil Productivity & Yield Utilities, Farmland LEasing Facts Sheets & Pricing Information, Historic Fertilizer, Seed, and Chemical Costs with 2019 Projections, Revenue and Costs for Corn, Soybeans, Wheat, and Double-Crop Soybeans, three articles by Plewa and Bissonnette on, https://soilsextension.triforce.cals.wisc.edu/wp-content/uploads/sites/68/2016/03/Hagar-WCMC-2016-herbicide-resistance-Ill.pdf, https://www.ers.usda.gov/publications/pub-details/?pubid=42299, Revenue and Costs for Corn, Soybeans, Wheat, and Double-Crop Soybeans, Actual for 2011 through 2016, Projected 2017 and 2018, Initial Review of the Senate Ag Committee’s Draft 2018 Farm Bill, Department of Agricultural and Consumer Economics, Corn produced on high-productivity farmland in central Illinois (FBFM, Central Illinois). 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