Nitrogen from 250 pounds of urea will run $65.00 an acre at last Friday's price. Its climbing every day.
If you fertilize at corn use rate rather than soil test figure on $80 for P and $90 for K though that should be plenty high. After all, the soil can provide some of the P and K you need. Most of these inner bluegrass soils never need P fertilization. Lime is the other variable. Even at 20.00 a ton its cheap if you need it and will more than pay in the first year in P and K release. I'd get soil tests in ASAP and get something locked in on price, even if you have to trade around later. Grapevine is telling me that we may see another 10-15 percent jump in fertilizer prices in a very few days. Already, since December 31 its cost over 120 dollars a ton to not have prices protected. Even at 15 percent annual interest its way cheaper to borrow money and protect fertilizer prices early rather than get caught paying over 1000 a ton for P and K at planting time and 800 or more for urea at planting time.
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