Many Farmers Have 2012 Inputs Locked In

February 2, 2012 08:13 AM

The Farm Journal Pulse shows nearly 60% of farmers have locked in at least half of their 2012 input prices.

Farm Journal Pulse
With continued volatility in the grain markets and high fertilizer prices expected this year, many analysts have been cautioning farmers to lock in their input prices sooner rather than later.
How many farmers are heeding this advice? According to this week’s Farm Journal Pulse, a text message poll of farmers and ranchers, the majority are playing it safe.
Participants were asked:

How much of your 2012 crop inputs are locked in?

Here are the results:
FJPulse piechart 
While the results of the poll were evenly mixed, almost 60% of the 1,390 farmers who responded said they have at least half of their crop input costs locked in.
See which parts of the country are most concerned with locking in their input costs with our interactive Farm Journal Pulse map.
FJPulse results0202

Add Your Vote

You're invited to be part of the heartbeat of our new national producer panel that speaks up and speaks out. Participating is as easy as answering two quick poll questions per month via text message from your mobile phone.
By partnering with Commodity Update, the leading provider of agricultural information to mobile phones, Farm Journal sends you the question via a text message on the first and third Wednesday of each month.


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