Seed pricing is likely to rise in the 2022 season as seed companies look to benefit from high corn and soybean prices, according to a Rabobank report on Nov. 8, as reported by Bloomberg. Farmers could see “an aggressive upward price movement for 2022 seed,” possibly as much as 8-14 percent.
In the meantime, quoted prices on some agrochemicals have increased 40-250 percent on freight increases, Chinese environmental protection initiatives, and weather events.
Rabobank thinks fertilizer prices could see further gains between now and spring 2022. The firm expects farmers’ margins in 2022 will be greatly reduced from 2020 and 2021.