More Record-Breaking Yields Needed for Profit Potential in 2022

Despite record-high input costs impacting ag producers across the country, profit this year remains possible as commodity prices hold steady. Last year, net cash farm income hit the highest level since 2014 even with the spiked inputs. Producers were able to come out on top thanks to strong and even record yields across the country. The pressure is on for those same yields this growing season as the surge in input costs continue. Farmers face extreme risk in 2022, where break-even prices have spiked thanks to an average $128,000 increase in fertilizer costs, 80% higher than in 2021. Profit potential will largely depend on yields, where at least 200 bushels/acre is needed for a modest corn profit and soybeans will need to see at least 60 to get out of the red.

Read more on 2022 profit potential here.