Even with commodity prices down, farmers continue to be frustrated with input costs. Lance Tarchionne, a Bayer Crop Science Technical Agronomist, says right now farmers are faced with flat/ up input prices with markets showing less than favorable rates.
“It’s going to be a year where we have to figure out where we are going to tighten our belt. That’s a hard thing for us to do, because we want to produce a big crop every year, and our success at producing big crops is why the price is where it is- that combined with a lack of demand,” says Tarhchionne. “The seed guys are going to suggest you cut back someplace else; the fertilizer people are going to suggest you cut back someplace else; the equipment people will suggest you cut back someplace else. Every, every different person that’s trying to sell to a farmer is probably going to suggest that, well, don’t cut back on what you buy from me. Cut back on what you buy from somebody else. And guys are going to get tired of hearing that.”
Tarchionne adds that many can agree the price that needs to come down the most is land costs.
