The good news is ag chem supplies are freeing up, so other than Liberty/glufosinate, I don’t know of anything right now we will definitely be short on in 2023.
The bad news, unfortunately, is other than Roundup/glyphosate going down in price, almost everything else will likely be flat or 5% to 10% higher.
A year ago, I expected prices would be coming back down on almost everything as supplies would get back to normal. While we will have more product available, at this point I don’t believe supplies will be fully back to normal for another year and possibly two. The biggest reason prices are going up, though, is because almost all costs have risen dramatically in the last year for every manufacturer. Energy, labor, transportation, raw materials, interest, and almost everything else has gone way up. I had a conversation this spring with the head of one of the major ag chem companies in the U.S., and here’s what he said: “Brian, every month I look at our COGS (cost of goods sold), and it goes up from the previous month. This is happening month after month, so we have no choice but to raise our prices.”