Fertilizer prices soar as Strait of Hormuz tensions rise—forcing U.S. farmers to rethink spring planting

A man stands amidst a field of corn. (Credit: Anita Pouchard Serra/Bloomberg—Getty Images)

U.S. farmers, who have spent the last year grappling with tariff shocks and shrinking margins, now face another blow to their operations.

The de facto closure of the Strait of Hormuz has fertilizer prices surging, complicating the already strained decisions U.S. farmers are making on the cusp of planting season.