Download the 2023 FBN Ag Chemical Price Transparency Report
While ag chemical markets have seen disruptions over the past two years due to manufacturing shutdowns, logistics constraints and global trade disruptions, the 2023 growing season is showing potential signs of a stabilized market.
Ag chemical markets have started to normalize in recent months making products more readily available to farmers at better prices.
Our latest report, the Ag Chemical Price Transparency Report, was published by the FBN® Research Lab in order to help bring visibility into industry chemical prices on a national and local level. Farmers who buy chemicals know all too well that the lack of price transparency creates confusion.
[FBN Members: Click here to access the FBN Ag Chemical Price Transparency Report 2023]
FBN Member Submitted Data
The report was compiled by collecting the valuable contributions of FBN farmers that submitted invoices detailing the specific ag chemicals they bought and the prices they paid. By crowdsourcing this data, our report showcases the true market pricing faced by farmers.
To provide clarity on national pricing information to our members, we aggregated chemical invoices and price quotes submitted by FBN members based on transactions made between October 2021 and February 2023, a 17-month time period of extreme variability in market conditions.
FBN received over 3,000 unique pricing data points, representing 37 states and over 800 insecticides, fungicides, and herbicides. This report outlines the pricing variations observed on some common ag chemicals. These prices do not include rebates.
By collecting, anonymizing, aggregating, and reporting back to our FBN members, we believe this helps change the power paradigm and provide key leverage for farmers’ to negotiate with their ag retailers and get a fair price. Indeed, economic competition is built on price transparency and it is this view which serves as a pillar of our work.
[Not an FBN member yet? Access the report here]
What It Means For the Farmer
While prices for most active ingredients have trended lower and are near or even below where they were two years ago, we found that other prices have continued to remain elevated. Despite the easing of some supply chain issues, it will still take time for some prices to be worked out.
Unlock the Report
Get insights and learn more from FBN experts in the latest FBN Research publication. Unlock the FBN Ag Chemical Price Transparency Report for free by clicking here.
FBN members can access this report and more in the Reports section of the FBN app.
By becoming an FBN member, you'll join a global network of farmers — 55,000+ strong and growing — who are already taking advantage of the opportunity to reduce their production costs and maximize the value of their crops.
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