In a survey of their online readership, a recent Farm Journal poll found farmers have prepared for higher costs by locking in input needs early.
The January Ag Economy Barometer found that 45% of respondents felt higher input costs were their top concern for the year ahead. In a series of follow-up polls, Farm Journal found the majority of respondents had locked in their seed, fertilizer and chemical needs as of the February 21 publishing date. According to the outlet, more than 500 farmers answered the poll.
In a breakdown of each poll, 76% of farmers locked in 81% to 100% of their seed needs. More than 60% locked in the same percentage of their fertilizer needs and 58% locked in the same percentage of their chemical needs.
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