Farmers continue to adjust to low commodity prices in the New Year by finding ways to lower production costs.
Craig Dobbins with Purdue University says farmers are using less fertilizer and fungicide treatment and looking for ways to lower cash rent.
“As a mechanism of lowering the total per bushel cost of production,” he says. “We’re still working to find what economists would call the new equilibrium in this process. I expect the changes that have been going on for the last few years to continue through 2018.”
He tells Brownfield this will likely continue unless there is a weather event that limits the crop supply.
Continue reading Ag industry continues to adjust at Brownfield Ag News.
Copyright © 2024 Indiana Farm Bureau®, Inc. is a member of the American Farm Bureau Federation®, a national organization of farmers and ranchers including Farm Bureau® organizations in 49 other states and Puerto Rico, and is responsible for Farm Bureau membership and programs within the State of Indiana.