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Minnesota corn farmer sees downside to high prices

Corn and soybean prices continue to climb as the market attempts to pull grain out of storage.

West-central Minnesota farmer Nathan Collins tells Brownfield most of his old crop is spoken for.

“I’d like to say we didn’t sell anything, but if anyone tells you that they’re probably hard to believe because that’s why prices keep going up. Everyone has everything sold. So, we did not hold al our corn waiting for $7 for the last year. We’ve been selling as (the market) goes up.”

The corn, soybean, and alfalfa grower from Murdock says he’s not a fan of prices this high.

“It causes a lot of repercussions down the road, but we’ll take advantage of what we can. We’ll price out a lot of 2022 crop, as well as ’21. And if there are some opportunities to put in some options for ’23, we’ll do some of that.”

Collins says as a corn farmer he’d like to see grain prices at levels that still allow end users like cattle, hog, and ethanol producers to be profitable.