Inflated input prices will tighten margins for 2023 planting season

Inflated input prices will tighten margins for 2023 planting season

An ag economist says the full effects of inflated input prices will be felt by producers in 2023.

“The outlook isn’t dire by any stretch; it’s just not going to be as good as it has been the last couple of years.”

Rob Fox, Director of CoBank Knowledge Exchange, tells Brownfield commodity prices are strong with fall corn around $6, soybeans around $14 and wheat close to $8, but most input costs are also up between 15-30%.

.