Higher input costs have not been good news for farmers, even though record prices were received last fall for corn. The cost of fuel, seeds, fertilizers, water, and taxes have ratchet up over the costs of last year.
Fuel and fertilizer are leading the way! The cost of diesel fuel has increased 55% since 2006. And fertilizer has gone up 70% since 2006.
Balancing input costs against sales is essential for a farmer….wonder what the forecast is for crops this fall?
