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Farmers turn to soybeans over corn as fertilizer prices spike

By Tori Richards
Published April 3, 2022 10:15am ET
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Farmers turn to soybeans over corn as fertilizer prices spike
In this Monday, Sept. 1, 2014 photo, a central Illinois corn farmer begins to harvest this years crops of corn in Pleasant Plains, Ill. Wet, cool conditions across much of Illinois have put farmers behind schedule in bringing their corn in from the fields, according to the U.S. Department of Agriculture. (AP Photo/Seth Perlman) | Seth Perlman
Illinois Corn Harvest
In this Monday, Sept. 1, 2014 photo, a central Illinois corn farmer begins to harvest this years crops of corn in Pleasant Plains, Ill. Wet, cool conditions across much of Illinois have put farmers behind schedule in bringing their corn in from the fields, according to the U.S. Department of Agriculture. (AP Photo/Seth Perlman)

For just the third time in recorded history, farmers will be planting more soybeans than corn as they grapple with the rising cost of fertilizer — a cost that will almost certainly be passed on to consumers.

Russia previously accounted for 15% of U.S. fertilizer imports.

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Agriculture Biden Administration Farming Inflation Russia