Farmers welcome FTC’s investigation into fertilizer industry pricing practices


By Tara Desmond May 28, 2026

BLOOMINGTON, Ill. (May 28, 2026) — The Federal Trade Commission has launched a long-awaited investigation into the fertilizer industry’s pricing practices and market concentration, Chairman Andrew Ferguson announced today during a gathering of farmers representing 18 states at a North Texas farm.


“I’m announcing that, on my order, the commission some time ago commenced a major industry-wide investigation into the precipitous rise of fertilizer prices in this country, which has affected so many of our nation’s farmers, including everyone in this room, including the issuance of compulsory process,” Chairman Ferguson said. “USDA data has shown the single largest increase in input costs of farmers across the United States since 2020 has come from fertilizer… These continued price increases are not something our nation, much less our farmers, can continue to ignore.”


The announcement drew strong support from agricultural leaders and farmers attending the event.


“Illinois farmers have been dealing with skyrocketing fertilizer costs for years while farm income continues to tighten,” said IL Corn Growers Association President Mark Bunselmeyer. “Farmers are asking for transparency and accountability in a market that feels increasingly stacked against family farms. We appreciate the FTC taking a serious look at fertilizer pricing practices and market concentration because these costs impact not only farmers, but every consumer buying food at the grocery store.”

Fed Up event in Texas
Farmers from across the country on a panel discussion

The “Fed Up: Fertilizer Cartel Profits off Farmers’ Backs and Your Grocery Bill” event focused on the rising input costs associated with major fertilizer manufacturers including Mosaic, Nutrien, CF Industries and Koch. Those costs have placed significant pressure on family farms as fertilizer prices climbed more than 150% since 2020 while net farm income fell 31% from its 2022 peak.


Following Chairman Ferguson’s remarks, farmers from across the country participated in a panel discussion sharing firsthand experiences about the impact rising fertilizer costs and concentrated market power are having on their operations. Farmers urged the FTC to take aggressive action to ensure fair competition within the fertilizer marketplace.


The FTC also reiterated its commitment to maintaining confidentiality throughout the investigative process and encouraged individuals with relevant information to come forward.


Background:


According to Chapter 12 bankruptcy filings in 2025:
• Arkansas recorded 33 filings (+100%) — the highest total in the state this century
• Georgia recorded 27 filings (+145%)
• Iowa recorded 18 filings (+220%)
• The Midwest region led the nation with 121 total filings
• The Southeast region followed with 105 filings


Nationwide, 839 farms filed for bankruptcy over the last four years, while the U.S. lost 35,000 farms during the same period.


Sources: American Farm Bureau Federation Chapter 12 data; USDA NASS Farms & Land in Farms; USDA ERS Farm Labor


Not a member?

Become one today!

SHARE THIS

Latest Posts

Evan Leeper
By Lyndi Allen June 17, 2026
Meet Evan Leeper, a fifth-generation farmer working ground in Macon County that his family has farmed since the 1850s. A former infantryman who farms alongside his father and brother-in-law.
U.S. Department of Agriculture Building
By Lyndi Allen June 17, 2026
U.S. Secretary of Agriculture Brooke Rollins announced a historic $125 million annual investment in agricultural research infrastructure across America, an opportunity for Illinois Universities
Baby with Corn Plastic Food Containers
By Pearl McDade June 12, 2026
Explore how corn is converted into PLA bioplastic for cups, food packaging, and 3D printing as demand grows for sustainable materials.
PCMthumbnail
By Tara Desmond June 11, 2026
PCM's 2026 Data Book, featured in this week's Prairie Farmer, shares 11 years of field data proving conservation and profitability go hand in hand.
By Tara Desmond June 11, 2026
How much do you know about the farmers who came before you and the decisions that still shape Illinois agriculture today? That's what University of Illinois student Lyndon Shi set out to explore during his internship with IL Corn . What began as an archival research project became a deeper look at the history of farmer leadership, innovation and advocacy in Illinois. While digging through university archives, Lyndon uncovered an undigitized manuscript from agricultural economist Harold Guither explaining the case for checkoffs. When he mentioned the discovery to IL Corn Director Rod Weinzierl, he got an unexpected response: "Oh yeah, I know him. We worked with him." It was a reminder that agricultural history isn't as distant as it may seem. Lyndon's research connected two eras of the IL Corn Growers Association: the original organization founded in the 1890s and the modern ICGA established in the 1970s. He learned how University of Illinois agriculture dean Eugene Davenport helped organize corn growers and sent professors across the state on "Corn Gospel Trains" to share the latest farming research. One story stood out in particular: the adoption of hybrid corn. Farmers who once judged corn by the appearance of the ear had to shift their focus to yield. Lyndon sees a similar transition today, as farmers increasingly balance yield with profitability amid rising input costs. "Illinois corn farmers are very good at organizing, and they are genuinely very grassroots," Lyndon said. "They've had a much more active role in shaping policy rather than just being on the receiving end." This Summer and Fall, Lyndon will travel to Taiwan on a federal scholarship to study food security. He'll do so with a new appreciation for Illinois agriculture's global connections, including Taiwan's longstanding role as an important trading partner. Watch the full conversation on IL Corn TV to hear Lyndon's research firsthand and discover how Illinois corn's history continues to influence the future.
Matt at USAPEEC Strategic Conference
By Tara Desmond June 11, 2026
IL Corn director Matt Raben was elected to USAPEEC's executive committee at the organization's 37th Annual Meeting this week.
Green world map with black curved arrows linking North America to Europe and Asia
By Lyndi Allen June 11, 2026
As one of the nation’s top agriculture exporters, Illinois ships corn to buyers across the globe—but where is it all going
Brian
By Tara Desmond June 11, 2026
Funk's Farm manager Brian Bangert explains the farm's 200-year history, the origins of Funk's G Hybrid, and how corn powers their cattle operation today.
Kaity Spangler Bowman
By Pearl McDade June 10, 2026
Three-time IL Corn intern Kaity Bowman gained connections, confidence, and passion for ag advocacy that she now shares with Macomb students.
Bill Leigh
By Lyndi Allen June 10, 2026
Illinois Farmer and Past ICGA President, Bill Leigh, is Elected to Serve As National Corn Growers Association’s First Vice President
Show More