Illinois farmers normally plant more corn acres than soybean acres. Not this year. Brad Zwilling, vice president of data analysis for Illinois Farm Business Farm Management, says the spike in corn fertilizer prices has farmers planting more soybeans.
According to Marketwatch, prices for some types of fertilizer rose to a record $1,520 per ton. Despite less corn being planted, it is too late for most farmers to change all their corn acres to soybeans.
Spring wheat planting is also down by 2% this year due to the high cost of nitrogen fertilizers.
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