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With fertilizer prices elevated, farmers are looking for relief wherever they can find it. The question is whether suspending the Jones Act is a key piece of the puzzle.
Input costs are up $15 billion since February, diesel is roughly double and credit demand at Land O’Lakes’ financing business is already surging for next season, Beth Ford says.
Growers are locking in inputs earlier, paying on terms that run past harvest, and treating credit as part of the agronomic plan instead of a last-minute add-on.
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Yield increase of 2.7 bu. per acre pushes carryout to 1.849 billion bushels, sending stocks-to-use back above 10%.
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