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Fertilizer Price Shock Threatens to Slash U.S. Corn Profits

Skyrocketing fertilizer prices could lead U.S. corn profits to drop by about a quarter next year, potentially motivating farmers to shift millions of acres into less cost-intensive soybeans. 

That’s according to Terry Roggensack, agriculture specialist and co-owner of the Hightower Report. He predicts corn returns on an operating-cost basis for producers in the U.S., the world’s biggest producer, could plummet to roughly $430 an acre. That compares with about $600 this year. The yellow grain uses more fertilizer than other crops like soybeans and wheat.