Midwest Farmers Squeezed by Soaring Fertilizer Prices – Average Farmer Sees Fertilizer Bill Up $175,000 Over Last Year Tuesday, May 31, 2022 By Stillness in the Storm Leave a Comment (Jim Hoft) Soaring fertilizer prices are squeezing Midwest corn and soybean farmers this year. The average 2,500 acre farm is seeing their fertilizer bill soar by $175,000, from $250,000 to 425,000.