Farmers watch input costs as crop prices decline

Benjamin Herrold
Jan 13, 2024
Jan 13, 2024

Facebook
Twitter
Bluesky
WhatsApp
SMS
Email
Print
Save

Farmers are seeing input costs level off or decline for 2024, but costs still remain at fairly high levels compared to a few years ago. And costs could be even more of a concern with declining crop prices, meaning it could be a year of tighter profit margins.

kAm“(6’G6 D66? D@>6 @7 E9@D6 :?AFE 4@DED 8@ FA 2?5 D@>6 8@ 5@H?[ 3FE H96? H6 AFE E9@D6 E@86E96C :E D@CE @7 32=2?46D @FE[” D2JD x@H2 $E2E6 &?:G6CD:EJ tIE6?D:@? 28 64@?@>:DE r925 w2CE]k^Am

kAmu@C 6I2>A=6[ w2CE D2JD 76CE:=:K6C 2?5 7F6= 92G6 8@?6 5@H?[ 3FE D665 2?5 =2?5 4@DED 2C6 FA]k^Am

kAmx? E6C>D @7 AC@7:E >2C8:?D[ E96 =2C86 ;F>A :? :?AFE 4@DED :? AC:@C J62CD 2?5 E96? D@>6 564=:?6 :? 4C@A AC:46D 92D AFD965 C6EFC?D 4=@D6 E@ @C 36=@H 3C62<6G6?]k^Am

kAm“%9:?8D 92G6 567:?:E6=J E:89E6?65 FA[” w2CE D2JD]k^Am

kAm!FC5F6 &?:G6CD:EJ 28 64@?@>:DE |:4926= {2?86>6:6C D2JD 28 :?AFED AC6D6?E 2 ?F2?465 A:4EFC6] w6 D2JD 76CE:=:K6C AC:46D[ 6DA64:2==J 7@C ?:EC@86?[ 92G6 4@>6 5@H?]k^Am

kAm“%96J’C6 D:8?:7:42?E=J =@H6C[” 96 D2JD]k^Am

kAm{2?86>6:6C D2JD 5:6D6= :D 2=D@ =@H6C[ H9:=6 H286D[ DFAA=:6D 2?5 C6A2:CD 2C6 9:896C]k^Am

kAm~? E96 =:G6DE@4< D:56[ x@H2 $E2E6 &?:G6CD:EJ 2DD@4:2E6 AC@76DD@C 2?5 tIE6?D:@? 64@?@>:DE {66 $49F=K D2JD 9:89 4@DED 7@C DFAA=:6D 2?5 D6CG:46D 4@?EC:3FE65 E@ a_ab 36:?8 2 G6CJ 492==6?8:?8 J62C 7@C A@C< AC@5F46CD]k^Am

kAm“!C@5F46CD 2C6 DE:== 724:?8 4@DED 2E C64@C5 =6G6=D[” 96 D2JD]k^Am

kAm$49F=K 4FCC6?E=J AC@;64ED a_ac E@ 36 36EE6C E92? a_ab 3FE DE:== 36=@H 3C62<6G6? =6G6=D]k^Am

kAm“a_ab 2?5 a_ac[ :7 C62=:K65[ H:== 8@ 5@H? 2D E96 H@CDE EH@\J62C DEC6E49 :? A@C< AC@7:E23:=:EJ 6G6C[” 96 D2JD] “a_ac 5@6D?’E =@@< 2D 325 2D a_ab[ 3FE DE:== C65 :?< :? E96 :?5FDECJ]”k^Am

kAmr@DED D9@F=5 36 =@H6C :? a_ac E92? E96 J62C 367@C6[ 3FE :E :D 2 C6=2E:G6=J D>2== 564=:?6 27E6C >2;@C :?4C62D6D :? 4@DED[ $49F=K D2JD]k^Am

kAm“!C@5F4E:@? 4@DED 2C6 7@C642DE65 5@H? >2J36 `_T 7C@> a_ab =6G6=D[ 3FE E92E’D 4@>:?8 @77 C64@C5 AC@5F4E:@? 4@DED :? a_ab[” 96 D2JD] “*@F’C6 DE:== =@@<:?8 2E 4@DED :>A24E:?8 AC@5F46C AC@7:E23:=:EJ]”k^Am

kAmw2CE D2JD D@>6 @7 E96 C:D6 :? :?AFE 4@DED :D 5F6 E@ 86?6C2= :?7=2E:@?[ 2=E9@F89 96 D2JD E96 >2:? 724E@C H2D 72C>6CD 92G:?8 D@>6 J62CD @7 8@@5 AC@7:ED 2?5 =@@<:?8 E@ C6:?G6DE E92E >@?6J 324< :?E@ E96:C @A6C2E:@?[ 6:E96C :? 4C@A :?AFED @C =2?5 AFC492D6D]k^Am

People are also reading…

Good cattle and a giving nature: Late cowboy to receive hall of fame honors
Iowa farmer sees new path for agriculture
Proposals aim to improve pool of rural veterinarians
Meristem focuses on reducing crop input costs for farmers
Rural America at its finest: fire relief efforts in Nebraska show best of humanity
Study reveals how bull buyers use key genetic information
With labor tight, incentives key to finding the right help
From rose farms to rice fields, travel continues
Nebraska ranchers reel from fire losses
Rail merger would hurt farmers
Geopolitical issues influencing soybean market
McCumber Angus Ranch Production Sale
Snap2Graze: grazing cereal rye really can be that simple
Haugen Cattle Co. Annual Bull Sale
Seed, weeds and satellites at Commodity Classic

kAm“x H@F=5 AFE >@C6 6>A92D:D @? E92E E92? @? :?7=2E:@?[” w2CE D2JD] “x?7=2E:@? 925 2 C@=6[ 3FE :E H2D 2 >F49 D>2==6C C@=6]”k^Am

kAm~? E96 7=:A D:56[ 96 D2JD :? J62CD H96? AC@7:E >2C8:?D 2C6 2C@F?5 3C62<6G6? @C ?682E:G6[ 72C>6CD H:== AF== 324< >@C6 @? :?AFED[ 6DA64:2==J H92E E96J H:== A2J E@ 3FJ @C C6?E =2?5]k^Am

kAm“%9:D :D 2 ?2EFC2= A2CE @7 2? 28 4J4=6[” 96 D2JD]k^Am

kAm{2?86>6:6C D2JD 7@C E96 }@G6>36C a_aa E@ }@G6>36C a_ab E:>67C2>6[ 86?6C2= :?7=2E:@? H2D aT H9:=6 28 :?AFE 4@DED’ @G6C2== 564=:?6 H2D a]dT] w6 D2JD @G6C2== :?7=2E:@? :? E96 64@?@>J :>A24ED 28C:4F=EFC6[ 3FE :E :D :ED @H? D64E@C H:E9 F?:BF6 724E@CD 2E A=2J]k^Am

kAm“tG6CJ :?5FDECJ :D DF3;64E E@ :ED @H? DFAA=J 2?5 56>2?5 7F?52>6?E2=D[” 96 D2JD]k^Am

kAm$49F=K D2JD 86?6C2= :?7=2E:@? 92D >2:?=J :>A24E65 =:G6DE@4< D64E@C 4@DED 7@C E9:?8D =:<6 =23@C 4@DED 2?5 4FDE@> D6CG:46D[ DF49 2D >:?6C2= >2?286>6?E 2?5 4FDE@> A@H6C H2D9:?8] w6 D2JD =23@C 2?5 6BF:A>6?E 4@DED 92G6 =65 E96 492C86 :? E96 =:G6DE@4< D64E@C[ 2?5 E9@D6 2C6 ?@E =:<6=J E@ 4@>6 324< 5@H?]k^Am

kAm“(286 C2E6D 2C6 D@>6E9:?8 E92E’D ?@E 8@:?8 E@ 564C62D6[” 96 D2JD]k^Am

kAmw2CE D2JD 96 :D 9@A67F= E96 E:89E6?:?8 @7 AC@7:E >2C8:?D H:== ?@E EFC? :?E@ 2? 6IE6?565 A6C:@5 @7 DECF88=6]k^Am

kAm“%96 9@A6 :D H6 92G6 2 D@7E =2?5:?8[” 96 D2JD]k^Am

kAmw6 C6>6>36CD D@>6 J62CD @7 8@@5 AC@7:E >2C8:?D :? a_`a 2?5 a_`b[ 7@==@H65 3J J62CD @7 ECJ:?8 E@ 3@F?46 324< 7C@> ?682E:G6 AC@7:E >2C8:?D]k^Am

kAm“(6 925 2 4@FA=6 @7 J62CD @7 C62==J DEC@?8 AC@7:ED 2?5 E96? H6 76== :? 2 9@=6 2?5 :E H2D 2 AC6EEJ 566A 9@=6[” w2CE D2JD] “xE H2D 7:G6 J62CD @7 ECJ:?8 E@ 86E 324< E@ 3C62<6G6?]”k^Am

kAmw6 D2JD 96 H:== 36 H2E49:?8 6IA@CE EC6?5D 2?5 H62E96C :? $@FE9 p>6C:42 E@ D66 :7 E96J 42? DFAA@CE 9:896C 4C@A AC:46D 2?5 36EE6C AC@7:E >2C8:?D :? a_ac]k^Am

kAm{2?86>6:6C D2JD @?6 @7 E96 3:886DE 724E@CD E92E H:== 56E6C>:?6 a_ac 4@DED :D H92E 42D9 C6?ED H:== 36]k^Am

kAm“&DF2==J :E E2<6D EH@ @C E9C66 J62CD @7 C6=2E:G6=J E:89E >2C8:?D 7@C 42D9 C6?ED E@ 4@>6 5@H?[” {2?86>6:6C D2JD] “…%96 >2C8:?D 2C6 E:89E[ 3FE E96J’C6 ?@E D@ E:89E H6’C6 8@:?8 E@ D66 C65F4E:@?D :? 42D9 C6?ED 2?5 =2?5 G2=F6D]”k^Am

kAmw6 D2JD 72C>6CD 2C6 4@?DE2?E=J 25;FDE:?8 :?AFED DF49 2D 76CE:=:K6C 2?5 E96:C D665:?8 C2E6D[ 3FE E96 >2:? 2C62D E96J 25;FDE 32D65 @? AC@7:E >2C8:?D 2C6 42D9 C6?ED 2?5 6BF:A>6?E 3FJ:?8 564:D:@?D]k^Am

kAm“|249:?6CJ AFC492D6D 2C6 G6CJ 4J4=:42=[” {2?86>6:6C D2JD]k^Am