Business
Farmers Cutting Back on Fertilizer Purchases
Cash-strapped American farmers sharply cut back on their fertilizer purchases during the final months of 2025, fertilizer giant Mosaic said Friday.
After harvesting a record corn crop last fall, American farmers are looking for ways to tighten their belts due to falling grain prices and rising expenses. Massive U.S. harvests of corn and soybeans in recent years have pressured prices and hurt farmers’ profits. Corn futures have fallen about 4% since the Agriculture Department raised its harvest estimate for this past fall.
Mosaic estimated shipments of phosphate—a type of fertilizer—around North America were down 20% in the fourth quarter from the year prior.
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