Compeer CEO says farmers are adjusting to challenging crop input environment
The CEO of a farm credit cooperative says farmer-members are adjusting to input price-hikes and shortages.
Rod Hebrink with Compeer Financial tells Brownfield while commodity prices are high, the cost of nearly every input has risen dramatically.
“And there are supply chain challenges. So in some cases it’s going to be a concern about whether we can actually get the products regardless of the price level. But producers are planning for some of those challenges (and) looking at alternatives.”
He says that might mean a change to fertility or using different herbicides.
“Where they might’ve been used to using a particular chemical or a particular variety of fertilizer or seed, they’ll be making adjustments where possible to look for some substitutes along the way.”
Hebrink says grain marketing will also be important because it’s going to be more expensive to produce a crop.