Home > News > Five Things to Keep in Mind While Navigating Higher Input Costs

Talking with your input provider, developing a marketing plan, meeting with your lender, focusing on improving yields and connecting with your crop insurance provider should all be key focuses as producers plan to navigate what is predicted to be an expensive 2022. Estimates predict a $.68/bushel increase in cost of production for corn, and an $.80/bushel for soybeans. While profitability is still expected this next marketing year, experts recommend planning further ahead to be prepared for another year of unexpected challenges. Read more on financial planning for higher input costs.

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