Adjusting to a new normal with inputs
A Michigan farmer says he’s preparing for costs to remain elevated next year.
Matt Frostic tells Brownfield he hoped to see input prices level off more by now, but that likelihood seems to be diminishing.
“Maybe we’re getting into a new set of numbers that we have to adjust to and that can create some sleepless nights,” he shares.
He says every input and its placement is being re-evaluated.
“How we buy, when we buy, and when we sell—are we buying inputs to manage that cost—where’s that profit margin?” he asks.
Frostic says while fertilizer prices are down somewhat, they are still extremely high. He plans on finetuning his application process to use products more efficiently.