In the past month, commodity prices experienced a bit of a rebound. Nevertheless, ag economists think net farm income could fall more than expected — and tighter margins often mean farmers scale back on certain purchases. From using generic products to slowing technology upgrades, here's where ag economists think farmers will look to save.
The world of used farm equipment changed dramatically during the pandemic as auctions moved to online rather than in-person events. According Machinery Pete, the change was both significant and permanent.
The in-field and classroom sessions will address proven practices that increase yield, ways to gain nutrient efficiency, government/private programs and premium/specialty crops.
The spread between your break-even with the cost of production model versus the cost of doing business model has never been as far as it is now. Be sure to know your true costs.
