Editor’s note: The following was written by Nick Paulson and Gary Schnitkey with the University of Illinois and Carl Zulauf with Ohio State University for the farmdoc daily website April 30.
Some relief expected in input costs for 2024
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Table 1 reports annualized growth rates for the major inputs on corn and soybean acres over a range of historical periods.Â
Graphics show cost shares as percentage of input costs.
Graphic shows cost shares as percentage of input costs.
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