Last fall's high fertilizer prices resulted in an abnormally low rate of fall application. This year, farmers may be waiting for prices to fall before they buy. But that could result in fertilizer not being available to them or at the very least at high prices. So, farmers need to bite the bullet and place their orders.
According to Dr. Terry Roberts, President of the International Plant Nutrition Institute, cutting back on fertilizer below optimum rates will not reduce the cost of seed, pesticides, fuel, rent, or taxes, but it will decrease yields and it will decrease profits.
Roberts reminds producers that fertilizer is still a good investment. Each dollar spent on fertilizer can return up to two to three dollars or more in profit, depending on conditions.