A report from the Farmers Business Network shows there was unprecedented price variation for some major ag inputs in 2022.
Chief Economist Kevin McNew says the report highlights the need for transparency in the chemical market with more online and farm delivery options. “Where the rest of the world and consumers are used to online shopping and transparency, the farm chemical space has been slow to evolve. I think it’s making a movement in that direction that I think is beneficial to the farmer.”
The 2023 Chemical Price Transparency Report collected more than 3,000 pricing points across 37 states accounting for 800 insecticides, fungicides and herbicides like Atrazine 4, Enlist One, Roundup PowerMAX and Clethodim 2.