Gas prices have eased from the peaks we have seen in the last few months. At the time of writing, it is at similar levels to the price which triggered the initial production plant closures in the UK and across Europe.
At the end of March, the UK produced nitrogen came back in price by over £100/t, but remains at higher levels than we have seen before. Future gas price forecasts are for the current levels to continue through the summer months and rise again in the winter. Whilst this is the case, seeing N prices coming back to last year’s prices is not possible.
The cost of all purchased nutrient inputs has risen in the last 9 months, and understanding the crop requirement, yield potential and the return on your investment is crucial to making the right nutrient application decisions. Much needed farmgate price increases have started to materialise, although more is needed it, is a step in the right direction.
Understanding the value of nitrogen per litre of milk, a kilogramme of meat or tonne of grain is vital.
What is the true cost of poor-quality silage, or a shortage in the silage pit for the winter, against a drop in milk volume or quality?
Increased feed bill to make up a shortfall?
Speak to the Wynnstay Ruminant Technical Specialists to get the best advice to balance your forage requirements, or for fertiliser specific advice, please contact a member of the Wynnstay Fertiliser Team.
