The Government’s new Fertiliser Taskforce has held its first meeting, which was chaired by Minister Victoria Prentis MP. One member of the taskforce is the Agriculture and Horticulture Development Board (AHDB). The AHDB shared its analysis of fertiliser buying and application strategies, which explored 3 approaches:
- Applying at the usual economic recommended amount in 2022 and 2023
- Applying 75% of the typical application rate in harvest years 2022 and 2023
- Applying 50% of the typical application rate in harvest years 2022 and 2023
The right strategy will depend on the attitude to risk to yields, and where you feel fertiliser and grain prices will go over the next 18 months or so. However, according to this scenario analysis, there is no significant difference between these expected common approaches. So, whether fertiliser was purchased before the higher prices of late or not, some judicious reduction in application rates will pay off. Visit this page to read more.