Posted by ss55 on March 18, 2022 at 05:26:56 from (96.42.227.92):
In Reply to: Whats your outlook? posted by SVcummins on March 18, 2022 at 02:00:00:
In the Midwest good yields and high prices have been a profit windfall. Farmers have money to burn and fewer things to spend it on. Iowa farmland prices jumped 29 percent in 2021, up nearly $3000 to a state average of almost $10,000 per acre. https://www.card.iastate.edu/farmland/
People complain about higher input costs, but no one is actually willing to cut back on any inputs here yet. Climate change seems to be helping the upper Midwest with better weather for growing row crops. New technologies, forward pricing and crop insurance have taken out much of the risk in crop farming for this area. Farmers are very optimistic here, but many still put on a good show as they cry all the way to the bank, LOL.
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