![]() Turning to recent news on fertilizer prices, DTN writer Russ Quinn reported last week that, The Washington Post (front page- June 12, 2022). ![]() “The spike in gas, oil and diesel prices has saddled all kinds of businesses with higher costs that will force them to raise prices on their customers and pull back on new investments.” “Soaring gas prices vex consumers and White House,” by Jeff Stein. Meanwhile, with respect to fuel prices, Jeff Stein reported on the front page of Sunday’s Washington Post that, “With the average price of gas nationwide topping $5 per gallon Saturday, surging fuel prices across the United States are creating new strains for millions of consumers and businesses, while compounding intractable political challenges for the Biden administration. “An outbreak of the bird flu has also led to the loss of millions of chickens in Iowa and surrounding states.” “The conflict in Ukraine, which has halted shipments of wheat, edible oils and fertilizer, continues to put upward pressure on food prices, along with ongoing port congestion, the U.S. New York Times writer Ana Swanson explained on Friday that, “ Rising costs for fertilizer, gasoline and other farm inputs have made it more expensive to produce and transport food in the United States and around the world, translating into higher food prices for consumers. Boneless, skinless chicken breast prices, for example, are up 68% since the start of the year, according to the Agriculture Department.” Meanwhile, demand from grocery stores and restaurants hasn’t let up, executives have said, contributing to higher meat prices. The Journal article added that, “ Meat prices have surged over the past year as processors have said their factories remain short-staffed, so they can’t slaughter as many cattle, hogs and chickens. Illinois Farmland Leasing & Rental Formsġ2-month percentage change, Consumer Price Index, May 2022- #food at home, /vkAjHAZE0M- Farm Policy June 10, 2022.Illinois Crop Budgets & Historic Returns.Farmland Leasing Facts Sheets & Pricing Information.Illinois Soil Productivity & Yield Utilities.Biomass Crop Budget Tool – Miscanthus & Switchgrass.Appraisal of Current Financial Position.Balance Sheet & Historical Financial Statements.Post Application Coverage Endorsement Tool (Sheet).
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