Updated: Ag Chemical Price Transparency Report

Do You Pay More for Your Ag Chemicals Than Your Neighbors? 

This report outlines the pricing variations observed on some common ag chemicals. 

Farmers confront numerous challenges as they strive for profitability, including the lack of transparency in the chemical market, which can add extra costs to an already expensive farming essential. In fact, herbicides and insecticides can account for as much as 15 percent of a farmer’s variable cost of production.1 As farmers fight for margin, every dollar matters. Small price variations can add up to have a big impact.

When FBN first published the Ag Chemical Price Transparency report in 2015, we learned that farmers had little transparency into hidden industry practices around chemical pricing. This meant that there was wide variability between the prices farmers paid for their chemicals. Now, three years later, price variation continues in the industry. We remain committed to
greater transparency for farmers.

Farmers continue to see extreme price differences on the same products, even when brands and geographies are the same. 
In fact, we saw 89 products with a greater than 100 percent difference between the lowest and highest price.2

Farmers paid up to 264% more for the same product in 2018.

Based on thousands of reported prices for common ag chemicals, prices were down from 2016-2017, but price variation continued from 2017-2018.

When prices are transparent and farmers see how prices can vary across regions, farmers are empowered to have control over their chemical purchasing and make better decisions about where to find fair prices. We believe that farmers should have access to open, competitive markets—increasing price transparency is a critical step in achieving that goal.

To provide clarity on national pricing information to our members, we have aggregated chemical invoices and price quotes for the 2018 crop year submitted anonymously by FBN members.

We received more than 14,000 unique pricing data points, representing 30 states and more than 250 insecticides, fungicides, herbicides and adjuvants.

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ALWAYS READ AND FOLLOW LABEL DIRECTIONS. It is a violation of federal and state/provincial law to use any pesticide product other than in accordance with its label. The distribution, sale and use of an unregistered pesticide is a violation of federal and/or state law and is strictly prohibited. We do not guarantee the accuracy of any information provided on this page or which is provided by us in any form. It is your responsibility to confirm prior to purchase and use that a product is labeled for your specific purposes, including, but not limited to, your target crop or pest and its compatibility with other products in a tank mix.

Roundup PowerMAX® is a registered trademark of Monsanto Company. Priaxor® D fungicide is a registered trademark of BASF Ag Products.

Sources:
1. Iowa State University: Estimated Costs of Crop Production in Iowa - 2016 (https://www.extension.iastate.edu/agdm/crops/pdf/a1-20.pdf)
2. FBN analysis based on approximately 14,000 self-reported pricing data points from FBN members.