While the farm economy has recently shown moderation due to narrower profit margins, credit needs have risen for many farmers, mainly due to high input costs.
Samuel Taylor, senior analyst for farm inputs at Rabobank, says U.S. wholesale fertilizer prices are down 25 to 50% - with variances resulting from timing and product type.
Farmers applying NH3 in warm soil conditions, with temperatures above 50 degrees, will lose the product and the dollars invested in it, according to Iowa State University Extension.
