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Farmers and ranchers report postponing equipment and facility investments because of rising input costs such as fertilizer, feed and veterinary products. Ben Peterson, a Montana rancher, cites tariffs on steel and lumber.
The Trump administration's effort to remove fertilizer tariffs has not returned retail costs to pre-tariff levels.
Persistent high input costs reduce farm spending and could trim future production demand for feed and fertilizer. Tariff-driven cost pressure keeps the feed and fertilizer cost base elevated.
agri-pulse.comOliver WardJan 21, 2026After 250 past policy events, DAP moved a median +0.1% over 5 sessions (53% higher; middle half -0.6% to +1.3%), and +1.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
