“It’s not sustainable”: US farmers reeling as Iran war pushes fertilizer costs up
News
20/03/2026
Description
Fertilizer price spikes driven by disruptions in the Strait of Hormuz have raised U.S. farm costs, with nitrogen rising from $350 to $600 per ton. Fertilizers account for up to 20% of corn production costs, influencing planting decisions and increasing risks to yields and food prices.