Many farmers are concerned about their operation’s financial outlook for 2023.
During a visit to CLAAS’s production headquarters in Europe last week, Southwest Iowa farmer Craig Swanson says continual increases of input costs have pressured margins. “The P and K was in that $400 to $500 range where as this year it’s in the $800 to $900 range for P and K.”
Central Michigan farmer Jeff Litwiller says a supportive commodity market is helping “Fertilizer prices are up, and diesel prices are up, but there is still a lot of optimism out there.”
Southwest Kansas farmer Bruce Baldwin tells Brownfield borrowing money is difficult.