Iowa farmer sees some inputs double in price since harvest

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Iowa farmer sees some inputs double in price since harvest

Most crop farmers will be paying more for their seed, chemicals, and fertilizer this year.

Iowa Soybean Association president Jeff Jorgenson, who farms in southwest Iowa, says he was fortunate to get a lot of fertilizer applied last fall.

“We did a lot of ours ourselves, we bought last fall and a lot of guys did (also). But some of those products are almost double what they were not six months ago.”

He tells Brownfield it’s not surprising that input costs have followed commodity prices higher.

“The thing folks have to remember is the commodity prices that we’re at right now, if you look at a futures level it’s quite a bit lower as an inverse in the market, so there’s definitely some management strategy we have to think about as farmers.”

Jorgenson says farmers really have to push the pencil to manage higher inputs when the nearby price is good but futures are lower.

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