An analysis of past data is pointing towards higher corn seed prices in 2022.
Ag economist Gary Schnitkey with the University of Illinois tells Brownfield over time seed costs have risen with gross revenue for corn which is also expected to be higher in 2022.
“Right now, it is projected to be higher than it was from 2013-2019. If you are looking at bids for 2021 fall delivery, they point to $4.50 corn for 2022.”
He says with good commodity prices, the seed cost increase won’t hit balance sheets too hard until revenue for corn starts to decline.
