Early projections show a clear trend of higher input costs for 2023. Of the farmers responding to the January Ag Economy Barometer, 45% cited higher input costs as their top concern in 2023.
In February, 22% of farmers responding to the Ag Economy Barometer said they expect to have a larger farm operating loan than in 2022. Among those expecting a larger loan, 80% said it was due to increases in input costs.
Are these projections causing you to lock in inputs sooner or later? Does it depend on the type of input? Answer our three polls below about locking in seed, fertilizer and chemical needs for 2023.
