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After reaching unprecedented price levels last year, fertilizer markets are adjusting to a dramatically different. Fertilizer prices have come down in recent months, but no one knows exactly where the train is heading — at least short term. Few predicted the extent to which prices would. High nitrogen prices have many growers reconsidering forage nitrogen management, say University of Missouri experts. High nitrogen prices make over-application WEST LAFAYETTE, Ind. – Farmers are benefiting from lower and more stable fertilizer prices this spring, according to a Purdue University expert. Natural Gas: Domestic Nitrogen Fertilizer Production Depends on Natural Gas Availability and Prices GAO-03-1148 September 30, 2003.