An agricultural economist says as commodity prices go higher, farmers can expect everyone else to be reaching into their pockets for some of the profits. Dan Basse with AgResource Company tells Brownfield farmers need to be more careful with expenses. “I think as you look at it, as you look back at the last bull market in agriculture, think about the price rises in land, in fertilizer, in seed costs, and so it seems for some reason as our fortunes improve by the markets, the people that of course take us along with that follow us very carefully in that endeavor.”
Basse says farmers should try to work now towards controlling some expenses over the long haul.
