Have Some Input Costs Hit Their Peak?
Farmers fretting about the cost of fertilizer and other inputs for the approaching growing season might have a chance to catch their breath. Rob Fox, director of CoBank’s Knowledge Exchange, notes that several products key to fertilizer production have begun to level in price or even decrease over the past month.
Fox suggests that farmers visit with their seed dealers to determine how to create a cost-effective application schedule for the spring.
Rob Fox of CoBank says while input prices have risen in the past year, so too have commodity values to their best levels in eight years.