Inputs Priority: Long-Term Interest Rates, Utterback Says

May 1, 2013 12:00 AM

Locking in long-term interest rates should be a top priority for grain farmers in 2013, says Farm Journal economist Bob Utterback.

"If I could lock in long-term rates, that would be my first objective plan," Utterback says. "Lock in 30-year rates, get locked in, and get yourself out of that trap of interest rate variable."

On the livestock side, producers should begin mapping out a multi-year corn-buying strategy to implement beginning in the fall of 2014.

Hear Utterback talk about other inputs such as short-term interest rates, fuel and seeds in the video below:

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