Recent policy changes are providing hope for farmers grappling with high fertilizer costs, particularly for phosphate. The removal of tariffs on phosphate imports is expected to ease pricing, though global demand remains high. 

"We're seeing that already," says Ben Pratt, vice president of public affairs at The Mosaic Company, adding that potash prices, supplied largely by Canada, are already affordable for growers.

Ross Bender, director of product development and a Wisconsin farmer, shares his personal experience.

"The margins on my farm are tight. And what I'm trying to think about is how I can make sure that I'm supplying the crop with the nutrition it needs within the budget that I have?"