Fertilizer Costs Force Farmers To PLant Soy Instead Of Corn

With the meteoric rise in fertilizer and other input costs, many US farmers have decided to plant the crop that requires fewer inputs, soy over corn.

Farmer Tim Gregerson of Omaha, Nebraska, said he'll plant more soybeans this year because "fertilizer is out of control." He said fertilizer prices spiked even before the Russian invasion, and it was then he decided to reduce the corn-to-soy ratio to about 50-50 this upcoming growing season. 

On top of soaring fertilizer prices, he told Bloomberg, diesel, tractors, machine parts, feed for livestock, herbicide, and seed costs, and just about everything to do with farming are astronomically higher this year. 

Farmer John Gilbert near Iowa Falls, Iowa, said his decision was made in January when fertilizer prices spiked. 

CREDIT-Zerohedge.com

When this large of a change occurs, markets can be thrown off because there might not be as much need for soy over corn, so time will tell if this shift of desperation results in strange things this harvest season.