Lower yields, skyrocketing input prices lead to thin margins for farmers

Lower yields, skyrocketing input prices lead to thin margins for farmers

A Nebraska farmer says rising input costs and historic drought will make it more challenging for some farmers to raise a profitable crop this year.

Dan Wesley farms an hour north of Lincoln and says he paid nearly $1500 a ton for anhydrous ammonia. “That’s more than 3 times or 4 times the money than what we paid a couple of years ago.  Certainly, grain prices are higher, but this year yields are going to be down and we’re going to all we can to make a profit or even break even.”

He tells Brownfield profit margins could get thinner next year depending on the availability of some crop protection tools.

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