Plan For a Steady Increase in Input Prices

September 18, 2018 04:45 PM
 
Fuel Tank

Expect farm input prices to annually increase by 1.7% for the next decade, per the 2018 U.S. Baseline Outlook from the Food and Agricultural Policy Research Institute at the University of Missouri.

Lower fuel and fertilizer prices reduced the index of input prices in 2015 and 2016. Going forward, higher fuel prices will drive the annual uptick.

Input Prices

Source: Food and Agricultural Policy Research Institute

Back to news


Comments

 
Spell Check

Dan
SEMN, MN
9/19/2018 09:06 PM
 

  I am with you Chad, a bunch of jackass peaons kissing a CEO ass and said let just raise the cost on the farmers, that is something that they can predict the future, they should try the weather, like my late uncle always said everyone farms the farmer.

 
 
Zagnut
Eastern, NE
9/20/2018 08:30 AM
 

  There will be an uptick in all input costs. Tariffs will lead the inflationary march. What has always bothered me though, is why so many businesses automatically raise their prices on January 1. There will be a point when we'll put the seed in the ground and very minimally take care of the crop. We won't be able to afford to take care of the crop correctly. A lot of farmers in my area are already there.

 
 
delta88
Memphis, TN
9/20/2018 08:58 AM
 

  This will eventually impact real estate prices as well. Farmers will have to seek relief via lower rents; then that will impact land prices which will force tax assessors to make decisions to change mileage rates to compensate for lower values. Can you say peak prosperity? I think we are there.

 
 

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close