CropLife 100: Top 10 U.S. Ag Retailers by Fertilizer Sales in 2022

Among the four crop inputs/services categories tracked by our CropLife 100 survey, fertilizer performed the best during 2022. According to survey respondents, total fertilizer revenue for the top 100 largest U.S. ag retailers topped a record $23.4 billion during the year. This marked an impressive 53% increase from the 2021 category sales total of $15.3 billion. With this sales gain, the fertilizer category improved its overall market share of all crop inputs/services within the CropLife 100 to 51%, up from 43% in 2021 and the highest market share the category has enjoyed since 2008 — the year before the infamous fertilizer market crash of 2009!

“Looking just at the large numbers put up by the fertilizer category doesn’t tell the entire story,” said CropLife Editor Eric Sfiligoj. “As many market observers are sure to point out, much of the talk during 2022 centered around the fact that crop nutrients prices from suppliers were double (or sometimes triple) what they were during 2021 as supply chain disruptions and global conflicts such as the Russia-Ukraine war messed with the availability of many macronutrients throughout the entire 2022 growing season. By extension, this meant ag retailers were paying out more money to purchase various fertilizers before being able to turn around and sell them to their grower-customers. Surely, they will say, this explains the huge revenue increases for the fertilizer category.”

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Some observers might assume that profitability took a serious hit during the 2022 growing season. But this doesn’t seem to be what actually happened. According to the survey, the percentage of ag retailers making more money between 2021 and 2022 actually increased. Last year, 77% of respondents said that their profitability level went up between 1% and more than 5%. Another 15% said that their profit level was the same as in 2021. Only 8% reported seeing a profit level decline between the two years.

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And behind ag retailers’ fantastic financial year — with increased revenue and profitability — was their fertilizer sales. In total, the top 10 companies in fertilizer revenue generated $16.8 billion this past year, which comprised 72% of total CropLife 100 fertilizer revenue ($23.4 billion) in 2022. To find out which companies made that list (in reverse order of sales), view the slideshow above.

Editor’s note: Companies included in the CropLife 100 listings were limited to independent dealerships and cooperatives that offer fertilizer, crop protection, seed, and custom application services. Figures do not include a host of services, such as data management, consulting/scouting, or grain elevator revenue. Dealerships and cooperatives are ranked in order by total sales in their respective sales group.

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