High interest rates and continually climbing inflation means farmers are feeling financial pressure. High commodity prices could provide some relief, but due to several ongoing uncertainties related to weather and global markets, producers should be doing all they can to meet the challenge of tighter margins.
A professor at Purdue’s Center for Food and Agricultural Business says assets like farmland are one of the best inflation protections a farmer can have. Farmers can also sometimes negotiate lower fertilizer prices and take measures to use that fertilizer as efficiently as possible.
Read more on inflation, interest rates and managing the added financial pressure here.
Early-Season Drought Expected to Continue Despite Scattered PrecipitationJune 6, 2023
Improve Dairy Cow Fiber Degradation to Save on Feed Costs, Improve ProductionJune 6, 2023
5 Signs of Early-Season Drought StressJune 2, 2023
Cash Cattle Market Climbs Post-HolidayJune 6, 2023
U.S. Farm Exports to Decline 8% in 2023June 2, 2023