Polymer films containing nutrients and/or components for use by soil, plants and/or animals are biodegradable and compostable. Film compositions may include bio-based and fossil-based polymers along with nutrients and other components that can be utilized by soil, plants, animals, as well as pigments and additives. The films may be configured as three-layer coextruded films with two outside layers and an inside layer therebetween. The films of the present disclosure may be produced using blown film processes. The films are used in agricultural or other growing settings and provide a biodegradable, compostable film that delivers nutrients and/or components to soil, plants and/or animals over the course of and following film degradation.