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Farmers attending Commodity Classic concerned about tighter margins
Farmers attending Commodity Classic are concerned about tighter margins in 2024.
Ryan Mackenthun grows corn and soybeans in central Minnesota and says crop budgets look a lot different compared to the past few years.
“We’re putting inputs in at probably the biggest deficit we have in a long time, with the way the commodity markets have been the past three months. Inputs are still high. Yes, they’re coming down, but not as fast as our markets.”
Central Wisconsin farmer Sara Stelter tells Brownfield while commodity prices have softened, many input costs continue to rise.
“To me, because I irrigate, the whole concern around electricity and access to electricity and access to water is going to be critical in a potentially drought year.”
Stelter grows corn, soybeans, and canning crops and says lower grain prices are hurting other commodity markets too.
Sara Stelter interview:
Ryan Mackenthun interview:
