- Associated Press - Sunday, December 14, 2014

BISMARCK, N.D. (AP) - Agriculture businesses in North Dakota say farmers are buying less fertilizer this season as they wait for prices to decrease, according to agriculture experts.

Many producers didn’t start buying fertilizer until about two weeks ago, Kyle Westgard of Missouri Valley Ag in Sterling told KXMB-TV (https://bit.ly/1GiZ5it ). But, he said, is seems sales are picking up a little bit now that the year is coming to a close.

Westgard said fall applications were only about a third of last year’s. He added that fewer producers are buying fertilizer for the year ahead as they wait to calculate spring cost projections amid growing expenses.

“A lot of indecision. Seems like they are going to wait to see what commodity prices are going to do and where their input costs are going to be in the spring,” Westgard said.

But fertilizer prices are expected to stay the same for a while, he said.

“We are going to guess it’s going to stay strong and trend upward toward the spring,” Westgard said.

Clem Nelson at Mandan Fertilizer south of Mandan said he expected fertilizer prices to drop, but that hasn’t happened. His company has also seen fewer fertilizer orders as grain prices have decreased, he said.

Dealers only expect prices to rise by the end of January or early February, Westgard said.


Information from: KXMB-TV, https://www.kxnet.com

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