Balance sheets tighten as farmers face rising input costs
Farmers’ balance sheets are tightening as input costs continue to rise.
Sara Hewitt farms in south-central Minnesota and says fertilizer and chemical prices are top of mind.
“And figuring out how we balance that with the prices that we can get for our corn and soybeans at the end of the day.”
She tells Brownfield every input decision is made judiciously as the next growing season gets closer.
“We are smaller, so we don’t contract forward as much. So unfortunately we are at the mercy of the markets right now.”
Hewitt uses strip and no-till practices and says an advantage of that is banding fertilizer to cut down on use.