Ag Chem Price Transparency Report

Thanks to our FBN Members who contributed recent chemical invoices! Here's the

2023 Ag Chemical Price Transparency Report (https://www.fbn.com/reports/newest)

Some key takeaways:

• Across 236 different chemical products, on average there was a 15% variance between the Average List Price of a product and the price farmers actually paid for it. For example, the Average List Price for Roundup PowerMAX® 3 in June 2022 was $60/gallon, but farmers paid between $45-$73/gallon during that time frame.

• There is a disproportionate impact on farmers paying higher prices. Half of farmers paid an average of 19% more than the Average List Price, but the other half of farmers who paid below Average List Price only got about a 14% discount.

• Farmers who did not buy from FBN could have saved an average of 34% by purchasing FBN chemicals through FBN Direct.