Home » Markets » High fertilizer prices could mean smaller crops
High fertilizer prices could mean smaller crops
Fox Business Flash top headlines for January 21
Check out what’s clicking on FoxBusiness.com.
Farmers across Mississippi are having to adjust to a steep rise in the price of fertilizer.
The Mississippi State Extension Service recently released a study about how farmers are coping with fertilizer prices approaching record highs, WCBI-TV reported.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
"Mississippi is such an agricultural state," said Jeff Hays, who is in the farm supply business. "Anytime you see our production drop, it goes everywhere. From your production, your co-ops, your tractor dealers, to fuel suppliers. Everybody’s impacted."
A bag of fertilizer that would’ve sold for $11 in 2021 is now going for about $19.95 in 2022.
AMERICANS WORRIED RISING INFLATION WILL OUTPACE THEIR WAGES THIS YEAR
"The prices doubled, needless to say, our volume of sales in tonnage has dropped off in correspondence to those prices," said Hays, who has been the manager of Lowndes Farm Supply since 2010.