Three Inputs to Focus On in 2018:Examine land, fertilizer and seed cost to save strategically

摘要

Make sure you carefully examine every dollar you spend in the coming year to prevent "saving" your way to lower yields and profits."Changes to agronomic inputs can have a direct impact on yield, and ultimately income," says Ryan Bristle, farmer and marketing consultant for Russell Consulting Group based in Iowa. "If you cut back on inputs and it has a detrimental impact on yield, you have to consider the opportunity cost of that decision."USDA estimates com prices will average $3.20 and soybean prices will average $9.30 next year. Look over your inputs, both fixed and variable, and examine where you can save to stay profitable.