With improved revenue prospects because of grain prices that have moved sharply higher in the last year, many farmers have more money to spend on crop inputs. But, those inputs — especially fertilizer right now — are also moving higher. It’s a call to consider how you can get the best “bang for your buck” in making 2021 crop input purchase decisions. One analyst said this week it’s a good idea to consider financial ratios between input costs and the value they create in making purchases rather than focus solely on maximizing crop yield. And with more revenue to invest back into their operations, farmers should consider ways to both become more efficient and add new capabilities in considering new equipment, machinery and technology purchases. See more input ideas and analysis.
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