# Fertilizer Prices, Rates, and Costs for 2023 - farmdoc daily

> University of Illinois and Ohio State economists reported that fertilizer prices have fallen since spring but remain high, with Illinois anhydrous ammonia at $1,318 per ton on September 22 after dipping to $1,153 in late August. They advised reducing phosphorus, potassium and nitrogen rates where soil tests or university recommendations allow.

- Date: 2022-09-27 · published 2022-09-27T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/11906-fertilizer-prices-rates-and-costs-for-2023-farmdoc-daily
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Persistently high fertilizer costs relative to crop prices may lead to lower application rates, which can trim future corn yields and nitrogen demand.

## Read by commodity

- DAP: neutral
- CORN: neutral
- UREA: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-06-13 | [Small Changes and Season Average Price Forecasts - farmdoc daily](https://feedsoft.ai/events/40900-small-changes-and-season-average-price-forecasts-farmdoc-daily.md) | -1.5% | +1.5% |
| CORN | 2022-12-14 | [Corn and Soybean Yields in 2022 - farmdoc daily](https://feedsoft.ai/events/13311-corn-and-soybean-yields-in-2022-farmdoc-daily.md) | +0.8% | +2.1% |
| CORN | 2024-02-12 | [Another Strong Year for Ethanol Production Profits in 2023 - farmdoc daily](https://feedsoft.ai/events/31664-another-strong-year-for-ethanol-production-profits-in-2023-farmdoc-daily.md) | -1.8% | +3.5% |
| CORN | 2022-11-29 | [Tempered Expectations for 2022/23 Supply and Demand for Corn and Soybeans - farmdoc daily](https://feedsoft.ai/events/12217-tempered-expectations-for-2022-23-supply-and-demand-for-corn-and-soybeans.md) | -3.8% | +0.6% |
| CORN | 2022-04-12 | [April Update to 2022 Crop Budgets: Projected Profits Even with Record Costs - farmdoc daily](https://feedsoft.ai/events/13371-april-update-to-2022-crop-budgets-projected-profits-even-with-record-costs.md) | +5.0% | +1.4% |
| UREA | 2023-05-21 | [Fertilizer Prices Mixed- Urea Climbs, Anhydrous Lower \| Farm Policy News \| Illinois](https://feedsoft.ai/events/5366-fertilizer-prices-mixed-urea-climbs-anhydrous-lower-farm-policy-news-illinois.md) | -14.9% | -20.2% |
| UREA | 2022-06-01 | [Stagnant Retail Fertilizer Prices Hover Near Record Highs](https://feedsoft.ai/events/41256-stagnant-retail-fertilizer-prices-hover-near-record-highs.md) | -7.1% | -12.0% |
| UREA | 2025-01-24 | [CRU’s top fertilizer calls for 2025 - BC Insight](https://feedsoft.ai/events/26437-cru-s-top-fertilizer-calls-for-2025-bc-insight.md) | +1.5% | +12.7% |

## Sources

- farmdocdaily.illinois.edu: https://farmdocdaily.illinois.edu/2022/09/fertilizer-prices-rates-and-costs-for-2023.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.