The Story of Rising Fertilizer Prices
High fertilizer prices in the past year have increased costs for farmers, but for some crops more than others. Multiple potential causes could explain these price increases, stemming from both supply and demand factors. If farmers respond to high prices by using less fertilizer per acre, it will provide an environmental benefit in the form of less nitrogen and phosphorus in streams, rivers, and lakes.
Smith, Aaron. 2022. "The Story of Rising Fertilizer Prices." ARE Update 25(3): 1-4. University of California Giannini Foundation of Agricultural Economics.