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Georgia farmer says he has an improved outlook for 2023

A Georgia cotton producer says he’s optimistic for a better balance sheet in 2023.

Matt Coley tells Brownfield input costs have dropped significantly from year-ago levels.  “We’re probably going to end up spending $50 to $60 an acre less on fertilizer than we did last year,” he says.  “But even with the decreases in some inputs, our cost of production is still going to be at prices that are significantly higher than what we’ve become accustomed to.”

Coley says the one input that has yet to decline significantly has been the cost of diesel.

He says supply chain issues for crop inputs have improved since 2022, but it’s a different story for parts and equipment.  “You may have a tractor that has a sensor go down or a turbo goes out and dealerships are having a hard time finding and acquiring parts,” he says.  “There have been times when there has been something we’ve needed and there are only one or two in the country and it has taken several days to get a piece of equipment operational again.”

Coley says they’re in the process of terminating cover crops and once temperatures warm up, they’re ready to start planting.

AUDIO: Matt Coley, Georgia cotton farmer

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