McLean County Farm Bureau

Profit Watch: Effects of high inputs

Farmers’ 2023 budgets will likely be daunting to manage due to skyrocketing costs in all areas. Fertilizer and diesel costs, interest rates and more are all contributing factors. “Planting 1,000 acres of corn will be more than a million-dollar venture in 2023,” Gary Schnitkey, who projects crop budgets at the University of Illinois, told RFD Radio’s DeLoss Jahnke. READ AND LISTEN