Input cost vs crop prices top concern for MO farmer
A central Missouri farmer says input costs vs the price he’s getting for grain has been his top concern last fall.
Bill Betteridge tells Brownfield the $1200 fall price tag on anhydrous made him consider waiting to buy in the spring.
“When I initially heard that’s what they were asking for anhydrous [I thought] maybe we’ll just wait until this spring and see if it’s any better, but that didn’t pan out,” he said.
Betteridge said, thankfully, he went ahead and covered his needs last year before prices went up another $400.
The Cooper County farmer says spiking input costs have made him rethink grain marketing after forward contracting part of this year’s crops early.
“We’ve always said, when we do some of that forward contracting, I hope it’s the lowest price we ever get,” he said. “Well this last year it was the lowest price and it, really, wasn’t that much fun (laughter).”
Betteridge said he sold corn just above $7, soybeans from $12 to $13 and wheat at $10.
“With those high inputs, I think, if you can balance it out – and then again, we’re always referring [to it] but if mother nature will cooperate you can raise the crops – it gives you a little bit of a chance to be successful I think,” he said. “Even with the high inputs.”
Despite planting delays, Betteridge said he expects above average yields this year.