Producers are facing near-record breakeven prices for 2022 and a farm economist says fertilizer is the main culprit.
“Projecting those costs on a per acre basis to double between this year and next year.”
Gary Schnitkey is with the University of Illinois and says cost of production is moving higher. “It’s led by fertilizer and every other cost has gone up and you can attribute that to inflation (and) supply chain disruptions caused by COVID-19.”
He tells Brownfield the breakeven price for corn is $4.73 per bushel and $11.06 for soybeans – the highest since 2012.
