Marketing Year Prices Cancel ACRE Payments in Iowa
by Chad Hart and William Edwards, Department of Economics
by Chad Hart and William Edwards, Department of Economics
By Chad Hart, Department of Economics
The delays in planting led to delays in crop development and conclude with delays in harvesting. As of Nov. 23, 86 percent of Iowa’s corn was harvested, roughly 12 percent behind normal. The harvesting backlog, in combination with higher fertilizer prices, has fall fertilizer application behind as well. Normally, over half of fall fertilizer applications are done by this point in the year. Currently, we are at 32 percent. The delays of the 2008 crop are slowing the prep work for the 2009 crop.
By Roger Ginder, Department of Economics
Major change in retail fertilizer markets over the past three years include price volatility and price increases. But, in addition to the unprecedented price volatility, basic changes in the trade practices at the manufacturing, wholesaling, and retail levels in the fertilizer value chain are affecting producers.