The impacts of rising fertilizer prices are felt across the agricultural sector. For farmers, higher input costs can squeeze profit margins, leading them to alter planting decisions, reduce fertilizer applications, or even forego certain crops altogether. In regions heavily dependent on agriculture for economic stability, this can mean increased food insecurity and economic hardship. Additionally, the rising cost of inputs may incentivize farmers to adopt more sustainable practices, such as precision agriculture, which optimizes fertilizer use to reduce waste and mitigate costs.
