As farmers move through the planting, growing and harvest seasons this year, they’ll continue to be faced with increasing costs for inputs and machinery, as well as rising interest rates and land prices, according to panelists brought together by Farm Journal this spring to discuss factors that will drive farm spending this year. The panelists noted the rising costs will be somewhat offset by continued strength in commodity markets.
While corn and soybean prices topped $8 and $17 bushels per acre, respectively, earlier this spring and are...
Runaway input costs continue to impact farm spending
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