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Corn and soybean grain prices have been declining and there is considerable uncertainty about the future. It helps somewhat that the prices of phosphorus (P) and potassium (K) fertilizers and lime have remained approximately constant or have declined slightly. Therefore, producers are thinking of reducing fertilizer or lime application rates. There are a few useful things that producers and crop consultants should consider when making fertilization decisions with unfavorable crop/fertilizer price ratios.

Making rational adjustments to phosphorus, potassium, and lime application rates when crop prices are low and producers want to cut inputs