Fertilizer Price Changes from 1994-2017

fertilizer applicator in the field
Figure 1. Fertilizer is one of a farmer's largest inputs and also the one that often varies the most in price from year to year. (Photo by Bob Klein)

Fertilizer Price Changes from 1994-2017 April 25, 2017

Fertilizer, one of the major costs in crop production, changes more in price each year than many other input costs. Table 1 illustrates these fluctuating prices as well as how the price for the source of nitrogen fertilizer changes from year to year.

Crop producers can reduce their fertilizer costs by selecting the most economical source for the fertilizer they need. Table 1 lists the fertilizer costs used each year in the Nebraska Extension Crop Production Budgets (EC872) since 1994. These prices were gathered the previous fall so they may vary from the costs in late winter or spring. (View this year's Nebraska Crop Production Budgets in the Economics and Marketing section of CropWatch.)

To obtain the maximum return on your fertilizer investment, always

  • do a good job of soil sampling,
  • have the soil samples tested, and
  • make realistic yield goals.

Use the Nebraska Extension Circular Fertilizer Suggestions for Corn (EC117) to determine fertilizer rates, and then have or do fertilizer applications that make maximum use of the fertilizer applied.

Other Nebraska Extension resources with fertilizer suggestions include:

Table 1. Fertilizer (N-P-K) prices used in Nebraska Crop Production Budgets (EC872) 1995-2017. (Prices shown were gathered the previous fall.)
Fertilizer199419961999200120042006200920102011201220132014201520162017
10-34-0/gal $1.22 $1.24 $1.35 $1.30 $1.42 $1.62 $6.84 $1.90 $4.5 $3.35 $3.35 $2.55 $3.30 $2.80 $2.4
10-34-0-1Z/gal $1.81 $7.19 $2.15 $3.65 $3.35 $2.85 $2.45
11-52-0/lb $0.13 $0.17 $0.65 $0.22 $0.38 $0.35 $0.35 $0.30 $0.30 $0.28 $0.24
18-46-0/lb $0.11 $0.14 $0.13 $0.13 $0.12
28-0-0/lb N $0.23 $0.28 $0.20 $0.26 $0.27 $0.42 $0.82 $0.32 $0.72 $0.72 $0.57 $0.57 $0.47 $0.44
32-0-0/lb N $0.53 $0.69 $0.69 $0.55 $0.55 $0.47 $0.42
46-0-0/lb N $0.23 $0.29 $0.23 $0.24 $0.29 $0.38 $0.90 $0.43 $0.60 $0.68 $0.68 $0.52 $0.57 $0.48 $0.38