With higher-than-average costs and spring planting on the horizon, farmers are locking in their 2023 input needs.
Of the farmers responding to the January Ag Economy Barometer, 45% cited higher input costs as their top concern in 2023.
Did that translate into earlier bookings of input costs? Below are the results of a trio of AgWeb.com polls. Farmers answered how much of their seed, fertilizer and chemical needs they have locked in for 2023.
The data shows 76% of farmers have locked in 81% to 100% of their seed needs; 62% have locked in 81% to 100% of their fertilizer needs; and 58% have locked in 81% to 100% of their chemical needs.
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